January 22, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Update 1/22/2024 by Michael Filighera

Rally’s continued through most of the Globex session with U.S. session highs coming early. I’ve labeled the charts as likely completing the minute 3rd waves, which then suggests minute 4th waves are in play now. I also include Fibonacci Retracements for wave 4 and also discuss the potential for minute wave 3 to extend up to next Fib resistance levels. All in all though I’m expecting additional upside before the Primary B waves are complete.