February 26, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Update 2/26/2024 by Michael Filighera

Not much to be adding to current analysis — the ES and NQ spent much of the trading session on Monday in a tighter range. This keeps the counts in line as I run both as having completed minuet ‘a’ waves at Friday’s highs with both markets still tracing out minuet ‘b’ waves within the minute 5th waves. I also review upside levels that still fall within the probable area to complete the larger Primary B waves. Tuesday – pre market @ 8:30 AM EST GDP, @9:45 AM EST – Case Schiller Home Price Index, 10 AM EST – Consumer Confidence.