NASDAQ Elliott Wave Analysis for Tuesday 07/11/2023 (+ Higher TF

We are still working on the wave (4) as a WXY structure. The wave Y is unfolding as an ABC pattern and it looks like we are finishing wave ((b)). Based on a major resistance level and the S&P 500, the alternative scenario calls for the end of wave (4) as a WXYXZ structure. Price action in the lower time frame will help us to choose between the two scenarios.