Nasdaq 100 & S&P 500 Elliott Wave Update

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Nov 19

Nov 19, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashThe markets stayed fairly cleanly within the parameters in last night’s analysis. The strong swing higher was very impulsive which is what I am/was looking for. I update the labeling to reflect the completion of the minuet 2nd waves. I also update the initial Fib levels for the 3rd waves up. And I also include an alternate for tomorrow should the smaller 4th waves of “c” waves down to complete the minuet 2nd waves.Tomorrow appears to have been reserved for all focus to be placed on NVDA’s earnings report in the absence of economic data. It would appear that market direction will be dictated by the earnings and of course the intensity of the reaction would be up to the CEO’s pearls of wisdom about what is yet to happen or not happen.Video Length: 00:19:49More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Nov 18Weekly Technical Update: S&P 500 – Sunday, Nov. 17Weekly Technical Update: Nasdaq 100 – Sunday, Nov. 17