Image Source: Weekly technical update for the SPX and ES – I update the Elliott Wave labeling and discuss what taking the EW count by one degree suggests and presents in terms of the daily and weekly pictures. I also update the Fibonacci retracements and extensions to guide us through the completion of Minor 3rd waves and in turn Intermediate 3rd waves. I expect the series of “stair stepping” to continue likely into September.Video Length: 00:42:21More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 23Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 22Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 21
