April 18, 2023

S&P 500 & NASDAQ 100 / Elliott Wave Update 4/18/2023 by Michael Filighera

Tuesday’s trade was sort of another “Groundhog Day” – with both the ES and the NQ making session highs during the Globex session with the RTH session producing a strong downdraft.  I’ve updated the EW counts with the labeling.  I discuss the 2 Preferred counts for the ES both still carrying 50% probabilities of being in play.  I update the NQ labeling and the current pattern in progress.  I update the Fibonacci retracements and extensions to the next leg up.

Tomorrow premarket Durable Goods data will be released.  After the close look for TSLA’s earnings.