June 17, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Daily Update 6/17/2024 by Michael Filighera

June “madness” continues as the parabolic moves in the NQ and ES move higher “still.” I update the EW labeling as the next extension unfolds. I also update the Fibonacci resistance clusters. Expectations remain for higher levels with the 21000 level in the NQ and the 5600 in the ES become reality. Tuesday pre market @8:30 AM EDT U.S. Retail Sales, @9:15 AM EDT Industrial Production and Capacity Utilization, and @ 10 AM EDT Business Inventories.