Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Aug 14


person using MacBook Pro on tableImage Source: UnsplashNot much to add to current analysis for either the ES or the NQ. The markets continue to move higher within the context of a minuet “b” wave of a minute “b” wave. I again break down the patterns created and today took both markets down to their respective 5-minute charts. Still not as conclusive as I would like — I discuss possibilities from first a bit lower to complete a small abc then higher – or breaking higher from current levels. I still am looking for additional upside to be put in before the minute “b” is complete. Which, then suggests a minute “c” down is yet to come.Video Length: 00:28:33More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Aug 13
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