Nasdaq 100 & S&P 500 Elliott Wave Update - Tuesday, July 30

Space Grey Ipad Air With Graph on Brown Wooden Table

Image Source: Pexels

All seemed to be on track until after the close and MSFT's earnings. While the earnings beat estimates (not by much), the stock took a hit dropping below 400. AMD also reported and managed to pop $8 - so there was some juggling as to direction. I updated the EW labeling, which I discussed yesterday and now put into place today -- overall both markets are continuing to progress within Minor 4th waves. I've extended the minuet 5th waves and added additional Fib levels for possible lows and completion points for minute 'a' waves. Based on this then I am still looking for a "b" wave rally and lay out the Fibonacci retracement levels as resistance.

Video Length: 00:22:52


More By This Author:

Nasdaq 100 & S&P 500 Elliott Wave Update - Monday, July 29
Weekly Technical Update: S&P 500 - Sunday, July 28
Weekly Technical Update: Nasdaq 100 - Sunday, July 28

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.
Or Sign in with