Weekly Technical Update S&P 500 - Friday, May 10

person using macbook pro on black table

Image Source: Unsplash

I updated the EW count for the current timeframe - the larger picture remains the same. I do begin to discuss the alternate view which presents a more "bullish"' look for the immediate time frame. A break above 5350 does begin to suggest the alternate view being in control. More on that as the count/ move progresses. I update the Fibonacci levels for the minute 4th wave now in progress the initial projections for a minute 5th wave to complete the minute 3rd wave.

Video Length: 00:28:28


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