Image Source: PexelsTwo-way action in the NQ and ES on Tuesday without additional clarity being given to the larger count in progress. Therefore, I am continuing to discuss possibilities and updating the chart at the same time. Remember I am listening carefully to the “time” factor as presented by Fibonacci time fractals. Again, my thought is that the markets may burn up more time rather than price. Today’s trade does support that thought. On an EW basis then, I am continuing to view the NQ as very likely completing a “c” wave at the 17351 low and being in the process of generating another a-b-c move up that would likely be labeled an “a” wave. The ES is similar and I discuss in detail the similarities and the differences.Video Length: 00:35:56More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Aug 5Weekly Technical Update: S&P 500 – Sunday, Aug. 4Weekly Technical Update: Nasdaq 100 – Sunday, Aug. 4
