Image Source: I updated the EW count for the current timeframe – the larger picture remains the same. I do begin to discuss the alternate view which presents a more “bullish”‘ look for the immediate time frame. A break above 5350 does begin to suggest the alternate view being in control. More on that as the count/ move progresses. I update the Fibonacci levels for the minute 4th wave now in progress the initial projections for a minute 5th wave to complete the minute 3rd wave.Video Length: 00:28:28More By This Author:S&P 500 & Nasdaq 100 Elliott Wave Update Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 8Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 7
