July 6, 2024

Eye of the Storm Podcast – Weekly Update NASDAQ 100 – 7/06/2024 by Michael Filighera

The NASDAQ 100 continued to power higher last week. I review the current EW count and due to the extensions continuing I have made adjustments to the labeling and added additional Fibonacci levels. BTW – it isn’t that I continue to change the count — that isn’t true — the market is extending as it puts in the top for Minor 3. I’m continuing to look for an eventual completion point to be followed by a Minor 4th wave correction which should drop into the area still marked on the charts. Next week, Powell testifies before the Senate (Tuesday) and the House (Wednesday), with CPI on Thursday and PPI on Friday.