Image source: Pixabay
We didn’t manage to take out the 0.618 Retracement with one more high – followed be the mentioned sell-off. It seems that the Minute (4) in yellow is still in Progress. I do expect more downside to take the swinglow from January the 2nd to put in a new low and reset the chart by testing the 50% retracement. There I assume we reverse to the upside to put in the Minute (5).Video Length: 00:09:04More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Jan 7
Weekly Technical Update: S&P 500 & Nasdaq 100
Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Jan 2
