Nasdaq 100 & S&P 500 Elliott Wave Update

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, June 5

Jun 05, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashPowerhouse rallies in the markets today with both the ES and NQ moving to multiple new ATH’s. Also, both markets managed to exceed Fibonacci resistance levels on several degrees. This delivers a stronger message in that the highs are not in yet and the upside resistance levels that we may have not been looking for at the start of the week are now in play. I update the EW labeling and also update the Fibonacci levels. Expectations for now would be for a “small” pullback to be followed by additional rallies before the markets would be ready to begin a bit larger pullback of 5 to 10%. In Elliott’s terms, it would be a Minor 4th wave in the ES and an Intermediate 4th wave in the NQ.Video Length: 00:22:52More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, June 4Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, June 3Weekly Technical Update: S&P 500 – Sunday, June 2

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