Image Source: Earnings and the flows are having a strong pull within the markets – add a huge election, a couple of geopolitical hot spots and you have an idea of what is going on in terms of pricing all of that in to the markets. It hasn’t been easy to see it coming, primarily due to the nature of the news releases. In any case – I brought forward the alternate counts for both the ES and the NQ — which suggests that the minute 4th waves are still on going. I label them accordingly and tag the Fibonacci levels to consider. Tomorrow Apple (), and Amazon () report after the bell. Microsoft () and Meta () reported today and while both beating estimates found the market selling rather than buying as the Globex session begins. Also, add a good portion of the “flows” and you’ll the reasons that certain levels were triggers.Video Length: 00:14:38More By This Author:
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Oct 30
