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.

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