Image Source: Again, tight(er) trading ranges again on Wednesday as the market continues to IMHO prepare for Friday’s and Monday’s expirations. Monday being a quarterly expiration with the rolling of the JPM collar. Both the ES and NQ continue to make new highs – ATHs in the ES. My expectation for the next few sessions is for the upside to continue but it will likely be in a rolling fashion — in other words, capital will flow between classes and individual stocks which will affect ETF’s, futures and indexes. I also discuss what comes next for both indexes once the “short term” top is reached.Video Length: 00:25:27More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Sept 24Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Sept 23Weekly Technical Update: S&P 500 – Sunday, Sept. 22
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Sept 25
