Nasdaq 100 & S&P 500 Elliott Wave Update

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Sept 10

Sep 10, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashFirst – sorry for the delay in getting today’s update posted. Second, I discuss the current markets having for the last 5 days produced a high-volume rallies off the opening followed by rejection declines producing bearish engulfing candles. Today’s late rallies have put both the NQ and ES within “spitting distance” of moving above their respective volatility triggers. Should that occur over night or after the release of the CPI tomorrow morning it would put both the NQ and ES back into “positive gamma readings”, which puts the “risk on” trade back into play. Third, I thanked the subscribers that have brought into our collective conversation the potential that Minor 4 is moving within a triangle pattern. This view has picked up some strong support with the volatility triggers being so close to being triggered. However, having said that I would be looking for the triangle to finish which at this stage needs a “d’ wave up and then an “e” wave down before thrusting higher in the beginning stages of the Minor 5th waves.Video Length: 00:31:16More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Sept 9Weekly Technical Update: Nasdaq 100 – Sunday, Sept. 8Weekly Technical Update: S&P 500 – Sunday, Sept. 8