Nasdaq 100 & S&P 500 Elliott Wave Update

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Dec 17

Dec 17, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashThe S&P and Nasdaq are beginning to diverge from each other in terms of their EW counts. I discuss tonight the potential that the S&P 500 may have completed all legs up to complete the Intermediate 3rd wave. While I continue to keep that count and thought on the “shelf” I feel it is necessary to begin to suggest that it has already happened. As I spoke over the weekend I believed that volatility will remain strong and keep the markets higher through the December 20th expiration — and I feel this is still the case – but what comes next may already be in its starting phase with stocks like TSLA, and AAPL keeping the rally alive. I update the counts that should continue higher — I also update the Fibonacci levels accordingly. I also give the potential finishing count — I haven’t accepted that just yet, but it is in the discussion phase.Video Length: 00:29:35More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Dec 16Weekly Technical Update: Nasdaq 100 – Sunday, Dec. 15Weekly Technical Update: S&P 500 – Sunday, Dec. 15