March 21, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Update 3/21/2024 by Michael Filighera

Solid follow through to the upside in both the ES and NQ. I have made a labeling adjustment on both the ES and NQ with regard to their individual 3rd waves. It does extend the upside potential but the count is cleaner and more fitting to what is trading at the moment. The overall counts though remain in line with what I have been presenting for several months. On Friday there isn’t any economic data being released but it is a weekly expiration and that on its own could upend the markets quickly.