Nasdaq 100 & S&P 500: Elliott Wave Update For Wednesday, March 6
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Another very volatile day in both the NQ and ES. I am presenting an "alternate" that could easily be moved to "preferred" status in the ES. I lay out the labeling and also the levels to watch should the market still need a last rally up towards 5200 to 5300. Also lay out levels to watch should the market break down again -- and in the process give stronger confirmation that the highs and the larger Primary B wave are complete. In the NQ I'm still holding as the alternate count the potential for the Primary B wave being complete -- the preferred count continues to suggest that minute wave 5 is forming an ending diagonal triangle - but I would like to see the "wedge" become more visible.
Video Length: 00:29:41
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