May 28, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Daily Update 5/28/2024 by Michael Filighera

Both the NASDAQ and the S&P benefited from the continued rally in NVDA. NVDA will split 10:1 on June 7th. The rush is on to buy the stock and options. I update the EW counts and labeling, discuss a labeling change in the NQ. I’m still discussing additional upside is very likely and I again discuss upside Fibonacci levels that are likely to be visited. Wednesday, the only release will be @10 AM EDT of the FED Beige Book along with 2 FED speakers as well.