June 12, 2023

Elliott Wave Update / NASDAQ 100 & S&P 500 / 6/12/2023 by Michael Filighera

Monday’s trade was again a blast higher as both the NQ and ES pushed to and through resistance in a relentless climb.  I’ve updated both the EW counts and labeling as the markets continue their climbs — I also update the Fibonacci levels to coincide with the updated labeling.

Tuesday pre-market the latest CPI data will be released at 8:30 AM EDT – expect a reaction in both directions.