December 18, 2023

S&P 500 & NASDAQ 100 / Elliott Wave Update 12/17/2023 by Michael Filighera

I have dedicated much of my weekend to working on the big picture for the equity index and the treasury markets — I am looking to get a Big Picture Technical Update out at the latest next weekend. In the mean time I have made some adjustments to the labeling in the ES that don’t change the larger count – that being a Primary B wave advance, but do clean up some “problem areas” I was having with the count in place before today. Bottom line for both the ES and NQ – additional upside is on the the way before the Primary B waves are complete – with the process likely pushing into Q1 2024.