December 26, 2023

S&P 500 & NASDAQ 100 / Elliott Wave Update 12/26/2023 by Michael Filighera

Year end position squaring continues with the ES and NQ both moving higher and reaching resistance levels. I update the labeling on both markets and also update the Fibonacci levels that are still applicable. Bottom line for both markets — upside remains in control for now — both markets still need additional highs before the EW counts are complete and the next larger corrective phase begins. No scheduled economic data due out tomorrow.