April 24, 2024

Interesting day to say the least! The NQ traded higher for most of the morning session as the market continued to digest and react to TSLA’s earnings as well as the vol trade continuing with the tech sector. Tonight I switch back to the “other” preferred count where the markets are dropping in the beginning stages of a Primary C wave decline — after Meta’s earnings the stock dropped at one point $96 from the close. This of course brought the balance of the market lower as well as a quick tumble in the NQ futures. I update the count accordingly and add the appropriate Fibonacci levels. Thursday pre – market @8:30 AM EDT GDP, Initial Jobless Claims, Advanced U.S. Trade Balance, Advanced Retail Inventories and Advanced Wholesale Inventories. @10 AM EDT Pending Home Sales.