Nasdaq 100 & S&P 500 Elliott Wave Update

Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Jan 2

Jan 02, 2025Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashThe markets continued lower on Thursday after moving higher during Globex and into the U.S. opening. The Nasdaq took the lead on the downside and maintained that lead for the majority of the day. I discuss the current labeling and what the markets are doing to support additional declines before either Minor a or Intermediate 4 is complete. I discuss support levels as well — My personal feelings are that additional downside is needed before a stronger rally, in this case a larger “B” wave takes over. The time factor is also discussed tonight.Video Length: 00:32:06More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Dec 30 Weekly Technical Update: S&P 500 – Sunday, Dec. 29Nasdaq 100 & S&P 500 Elliott Wave Update – Thur., Dec. 26