December 7, 2022

NASDAQ 100 & S&P 500 / Elliott Wave Update 12/06/2022 by Michael Filighera

Tuesday’s trade continues to support the completion of Intermediate wave 2.  While I can’t give it the total green light – it is getting close.  Tonight I present a more “anatomy of the NQ and ES”  Giving some great Fibonacci extension tips on placement of extended waves.

The alternate view continues to have some validity more in the NQ than the ES – but I see that these two indexes are moving at the degree and same patterns as if they are identical twins.

Wednesday should see stronger downside with another 4th wave pivot, (small) at some point.