March 12, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Update 3/12/2024 by Michael Filighera

After a wild ride once the CPI data was released and digested both the NQ and ES picked up the rally again to continue to build within “c” waves of 3rd waves. I have updated the labeling and added Fibonacci extensions to expand on resistance levels for the 3rd waves. Expectations remain for the markets to move above last Friday’s highs before the advances are completed. There isn’t any economic data due out on Wednesday.