Image Source: UnsplashI’m covering for Sascha tonight as he is not feeling well and unable to make the update — I update the EW labeling in both markets — and update the Preferred and Alternate counts in both the ES and NQ. I believe that one of the counts that I am presenting within the Preferred counts will be invalidated either overnight or tomorrow. It seems like a slow process, but the market is making it clear which path is being traced out. I will say that I continue to view the current action as an ongoing Intermediate 4th wave(s).Video Length: 00:37:48More By This Author:Weekly Technical Update: S&P 500 & Nasdaq 100Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Jan 2Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Dec 30