June 20, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Daily Update 6/20/2024 by Michael Filighera

Both the NQ and the ES reached additional highs are Fibonacci levels during the Globex session. I am not just yet putting any labels on the charts – primarily due to continuing to wait for confirmation from the markets of the potential tops of Minor 3rd waves being in via an hourly 5 wave structure down being put in place. I discuss the progress thus far. Tomorrow, though, may tell the tale with the June monthly expiration finally coming to fruition. Friday premarket @9:15 AM EDT – S&P Flash U.S. Services and U.S. Manufacturing PMI’s. @ 10 AM EDT – U.S. Leading Economic Indicators and Existing Home Sales.