Image Source: PexelsNQ and ES gapped higher on yesterday’s Globex opening and remained higher overnight reaching their highs 15 minutes into the regular session. This came within Fibonacci levels for the balance of the “b – waves” of minute 4th waves. That would the suggest that the drop of the early highs was the beginning of the expected “c- waves” of minute 4th waves. In fact it should reach support levels given and turn again moving higher at a steady pace. I would believe there are still many traders needing to continue year end trading. And that is good for day traders and swing traders. I updated the labeling and Fibonacci levels for the “c-waves.”Video Length: 00:19:32More By This Author:Weekly Technical Update: S&P 500 – Sunday, Nov. 24Weekly Technical Update: Nasdaq 100 – Sunday, Nov. 24Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Nov 19
