April 17, 2023

NASDAQ 100 & S&P 500 / Elliott Wave Update 4/17/2023 by Michael Filighera

Monday’s trade was a slow walk lower for the first 3 hours and a steady jog up into the close.  However, both the NQ and ES traded basically inside of Friday’s and Sunday’s ranges.  This leaves me with very little to add to current analysis.  I review and discuss both the upside and downside EW possibilities and also the Fibonacci levels to consider should the markets resume either side.

Tomorrow at 10 AM EDT – New Home Sales and Consumer Confidence data will be released.  After the close NFLX will be reporting.