Nasdaq 100 & S&P 500 Elliott Wave Update - Wednesday, July 31

person using macbook pro on black table

Image Source: Unsplash

I'm glad I marked yesterday's after-market lows as the completion point for minute "a" of Minor 4. Due to the market putting in a strong rally ahead of the FED decision and META's earnings. I noticed that the dispersion trade was likely back in motion today as the VIX was sold and the underlying volatility was being bought. Interesting to watch large capital move from place to place. It can make day trading and swing trading easier. I also include again data on the "flows"  capital flows, options flows and gamma flows. This is helpful due to strong breaks above levels that should hold and when broken create a stronger response from the market -- making trading them easier and more profitable. I update the EW labeling as I continue to look for minute "b" of Minor 4 to continue.

Video Length: 00:35:40


More By This Author:

Nasdaq 100 & S&P 500 Elliott Wave Update - Tuesday, July 30
Nasdaq 100 & S&P 500 Elliott Wave Update - Monday, July 29
Weekly Technical Update: S&P 500 - 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