Image Source: UnsplashBoth the Nasdaq and S&P 500 continued to make progress to the upside albeit within a “choppier” environment trading-wise. New highs within the current sequences continue to suggest an additional smaller price trough is likely before a stronger upside move. From the high should it complete the sequences on a minute, minute, Minor and possibly Intermediate degree (EW) an Intermediate degree 4th wave decline would be beginning.Video Length: 00:21:04More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Mon, May 20Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 16Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 15