Image Source: PexelsVery interesting day complete with another bounding higher rally that failed and was followed by a complete sell off and that was in the ES and NQ. I am though able to put some labeling on the charts and added the Fibonacci support for minuet 5 of minute C and in turn Minor 4. I go into some detail detailing what created the demise of the morning rally and added fuel to the “fire” on the decline. I also again include an alternate count and I also again make reference to the Primary 4th wave scenario. One day at a time.Video Length: 00:32:43More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Aug 6Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Aug 5Weekly Technical Update: S&P 500 – Sunday, Aug. 4
