Nasdaq 100 & S&P 500 Elliott Wave Update - Thu, May 23

person using MacBook Pro on table

Image Source: Unsplash

Both the NQ and the ES reached new ATH's on the opening today with those highs being the completion points for the current 3rd waves within the ongoing sequences up. The sell-off that ensued I am tracking as the expected 4th waves with the ongoing 5 waves up sequences. I updated the labeling and also updated the Fibonacci levels. I also laid out the areas where I would be looking for the current corrective 4th waves to finish up. Into next week I would still be expecting additional highs followed by additional declines and yes, additional larger 5th waves up to complete the longer-term patterns.

Video Length: 00:26:35


More By This Author:

Nasdaq 100 & S&P 500 Elliott Wave Update - Wed, May 22
Nasdaq 100 & S&P 500 Elliott Wave Update - Tue, May 21
Nasdaq 100 & S&P 500 Elliott Wave Update - Mon, May 20

Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.