It was a very interesting day filled with amazing volatility and amazingly profitable moves. Both the ES and NQ appear and I’m labeling as complete the Minor 4th wave triangle patterns. The “flows” data that I include in the Trade Room and mention here in these updates played to a “T” today. I discuss the outcome in today’s update. I also discuss the “alternate” which suggests that wave “d” is complete or nearly so at today’s highs and wave “e” is yet to come possibly as a result of a tepid or more negative PPI data due out tomorrow along with Initial Jobless Claims. I also include initial Fibonacci levels for the Minor 5th waves.Video Length: 00:46:14More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Sept 10Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Sept 9Weekly Technical Update: Nasdaq 100 – Sunday, Sept. 8
