Image Source: PexelsLots of follow-through produced by “lots” of triggers/signals. Both the NDX and SPX gapped lower on the openings basically crushing some initial support levels that need to hold to keep the upside trade in place and flowing. The breaks produced the expected result and that being an acceleration of the selling. On an Elliott Wave basis, the markets followed through to the downside and likely completed or nearly so 5 waves down off of the ATH’s, which I am labeling minuet “a” waves of Minor 4th waves. If/when the ”a” waves are complete I’m looking for minuet “b” wave rallies. I lay out the Fib retracements on both markets based on wave ‘a’ completing at today’s lows.Video Length: 00:37:49More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, July 23
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