Image Source: PexelsMarkets had a fairly strong Globex session on Sunday. The NQ made an additional high which I have noted as the completion point for the minuette 3rd wave. The ES did not leave in place last week high as the completion point for its 3rd wave. From those highs, both markets are within smaller minuette 4th waves with both reaching initial support levels at the Fibonacci .236 level. I discuss the possibility of a more “detailed” A-B-C zigzag structure to form the 4th waves and therefore I’m leaving open that tomorrow’s trade could be more inside today’s ranges. Ultimately I’m still looking for additional new ATHs before the Minor 5th and Intermediate 3rd waves are complete.Video Length: 00:15:52More By This Author:Weekly Technical Update: S&P 500 – Sunday, Dec. 8Weekly Technical Update: Nasdaq 100 – Sunday, Dec. 8Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Dec 5
