January 23, 2023

S&P 500 & NASDAQ 100 / Elliott Wave Update 1/22/2023 by Michael Filighera

Tonight as promised I discuss the Alternate count in depth including what catalyst needs to be there to produce the rally. I also remain with my Preferred count which has not changed, but now as before continues to hold the potential open for an additional up move to complete the Minor 2nd waves. Next week does not present any stronger economic data until Thursday.

Earnings reports worth noting are TSLA and MSFT on Tuesday and Wednesday. Both carry the potential to be major market movers.

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