Image Source: PexelsThe NQ and ES has mostly muted to “dull” reaction to the latest PPI data. However, once the markets opened and “volatility triggers” were triggered, the upside caught on and began a nonstop march higher. As far as the EW pattern, which the structure itself is very ‘ugly’ the overall pattern continues to follow what I’m labeling as a minute “b” wave of a Minor 4th wave. I again go over the alternate as well as updating the labeling within today’s activity. I detail somewhat the cause, (IMHO) for today’s strength and discuss how the “numbers” are changing how quickly direction can flip.Video Length: 00:29:57More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Aug 12Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Aug 8Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Aug 7
