Nasdaq 100 & S&P 500 Elliott Wave Update

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Nov 6

Nov 06, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashI would say that I was glad to be late in preparing and posting yesterday’s update in that the surge higher broke a level in the S&P which invalidated and continuing minute 4 wave count and set us up for what turned into a massive across-the-board rally in equities. Had I been more ‘on time’ it would have been inaccurate. Thank God for small market favors. The rallies were very strong as the VIX got crushed and all “flow” levels were exceeded for the most part. Within the minute 5th waves in play now I’m looking for the minuet 3rd waves to be complete or nearly so which would lead the markets towards a much-needed pullback in the form of minuet 4th waves. I also lay out the Fibonacci resistance levels for both markets.Video Length: 00:25:56More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Nov 4Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Oct 30Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Oct 29