February 5, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Update 2/05/2024 by Michael Filighera

The tech fueled rallies continued today as the NQ and ES fill in the “blanks” in terms of what the short term counts are. I do update the counts by discussing where each may be within the overall patterns. I also give two counts – both remain on the bullish side with one being more bullish than the other. I also review the Fibonacci extensions as it relates to the two possibilities. Tomorrow there isn’t any economic data scheduled – but there will be 4 FED Presidents out delivering speeches from the Cleveland, Minneapolis, Boston and Philadelphia Federal Reserve Banks.

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