June 27, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Daily Update 6/27/2024 by Michael Filighera

Another day of consolidation and position squaring ahead of tomorrow’s quadruple expiration (end of 2nd quarter). I have made some labeling changes that clean up the lower degrees without changing upside nor downside targets that remain valid as we head into tomorrow’s expiration. Ultimately, I am still looking for new ATH’s before the completion of Minor 3rd waves and the start of Minor 4th wave corrections. I have also adjusted the Fibonacci levels according to degree. Friday pre-market @8:30 AM EDT – Personal Income & Spending and PCE Index, @9:45 AM EDT Chicago Business Barometer, and @ 10 AM EDT Consumer Sentiment (final).