May 1, 2023

NASDAQ 100 & S&P 500 /Elliott Wave Update 4/20/2023 by Michael Filighera

Friday’s trade followed current analysis very closely with both the NQ and the ES moving strongly higher again and closer to highs seen on Thursday.  Not much to be adding to the current picture.  I do update the labeling and the Fibonacci sequences.  For now I am continuing to look for additional upside in both markets to complete the Minor 5th waves and in turn the Intermediate C waves and again in turn the Primary B waves.

Tomorrow, premarket the S&P U.S. manufacturing PMI at 9:45 AM EDT and ISM Manufacturing along with Construction spending at 10 AM EDT.