Nasdaq 100 & S&P 500 Elliott Wave Update

Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 16

May 16, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashDaily update for the S&P 500 & Nasdaq 100 – both markets did put in additional highs for the current sequences. Both markets look to have completed the minute 3rd waves, with minute 4th waves now in progress. I’m leaving open the potential for one additional rally to new highs before the minute 3rd waves are complete, but at this juncture the markets would need to start higher from the globex opening. I also lay out and discuss the probable path for the minute 4th waves, including the Fibonacci retracements.Video Length: 00:27:15More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 15S&P 500 And Nasdaq 100 Elliott Wave Update – Tue, May 15Nasdaq 100 & S&P 500 Elliott Wave Update – Mon, May 13