December 18, 2023

NASDAQ 100 & S&P 500 / Elliott Wave Update 12/18/2023 by Michael Filighera

There aren’t any major changes to make over what was presented on Sunday’s update — the NQ and ES both continued higher with both markets making additional highs within the current sequences. I lay out both sides of the market – the upside scenario and also the potential downside scenario – both with support and resistance levels. Both the NQ and ES carry the same potential to still be in their prospective 4th waves with the current rally phases. Tomorrow pre-market @8:30 AM EST Housing Starts and Building Permits. Also Fed Presidents Barkin and Bostic have speaking engagements.