Image Source: Nasdaq 100 went on another “moon shot” today with the market making substantial gains and most of the Mag 7 also saw strong gains. The volatility has continued to remain higher within the Nasdaq due to the “options flows” which controls premium and volatility. I update the EW labeling and also update the Fibonacci levels associated with the counts. I also updated the charts for the contract roll which with the TOS platform took place yesterday on the open of Globex. I feel the Nasdaq could pullback before resuming the upward trek and I’m making a comparison between what I’ve labeled as wave 1 and what eventually should produce a complete wave 3. I also update and include additional levels for the finishing moves within minute and minuette degrees.Video Length: 00:38:23More By This Author:Weekly Technical Update: Nasdaq 100 – Sunday, Dec. 15Weekly Technical Update: S&P 500 – Sunday, Dec. 15Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Dec 12
