Image Source: PexelsOn an Elliott Wave basis, the ES and NQ continue to present a mixed picture as to what is “the plan” for the balance of the year. I presented several scenarios both preferred and alternates. The internal moves in both markets are coming across as series of 3 wave patterns, which continues to suggest the overall move is correction and therefore continues to build and complete what I’m counting as minute 4th waves. My expectations remain for the markets to make additional new ATHs before completing the Intermediate 3rd waves – although in the NQ that may have already happened as I discuss tonight.Video Length: 00:34:37More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Nov 22 Weekly Technical Update: S&P 500 – Sunday, Nov. 24Weekly Technical Update: Nasdaq 100 – Sunday, Nov. 24
