Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Jan 8

Image Source: Tonight I made the changes to the EW labeling reflecting the Minor ‘a’ wave still in progress and the count reflecting a “nesting” 1,2,1,2 formation. I discuss the implications and what to expect moving forward. Wednesday’s trade remained somewhat inside the box that has formed within trade from the low on December 20th and the high on December 26th. My thoughts are that the market will break out of the box to the downside as Minor ‘a’ continues.Video Length: 00:20:35NQ Elliott Wave Daily UpdateNasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Jan 7Weekly Technical Update: S&P 500 & Nasdaq 100