July 18, 2023

S&P 500 & NASDAQ 100 / Elliott Wave Update 7/18/2023 by Michael Filighera

Tuesday’s trade was again interesting with a surprise or two. I’ve updated the labeling to reflect that both the ES and NQ are within Minor 5th waves up and inside Minor 5 both appear to have completed minute waves 1- 4 with minute 5th waves now in progress. I also updated Fibonacci extensions and retracements as applicable.

Tomorrow pre-market @8:30 AM Housing starts and Building Permits