June 21, 2023

S&P 500 & NASDAQ 100 /Elliott Wave Update 6/21/2023 by Michael Filighera

Wednesday’s trade was also corrective within the current count for both the ES and NQ.  I updated today’s action with both markets remaining in minute 4th waves.  I review and added Fibonacci retracements and extensions to reflect today’s extended downside and changes to the upside Fibonacci extensions for minute 5th waves.

Tomorrow pre-market – Jobless Claims data is released at 8:30 AM EDT, at 10 AM Fed Chair Powell testifies before the Senate panel. The Fed Presidents from the Cleveland and Richmond Fed districts will be speaking – Cleveland Fed at 10 AM EDT and Richmond Fed at 4:30 PM EDT.