December 26, 2022

NASDAQ 100 & S&P 500 / Elliott Wave Update 12/26/2022 by Michael Filighera

The NQ and ES are opening higher in Globex. I discuss both the preferred and alternate views updating the labeling to show last Thursday’s lows as being the completion points for the Minor 1st wave of Intermediate 3rd waves. While the last week of the year could have some fireworks I’m looking for a more steady up or down type days as funds and traders prepare for year end.

Tomorrow pre market at 8:30 AM EST the International Trade in Goods data will be released and Thursday we get the latest Jobless Claims data. Volumes can be on the lite side making for larger swings in the indexes.

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