June 4, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Daily Update 6/4/2024 by Michael Filighera

Both the NQ and ES traded more or less in a box range not exceeding yesterday’s highs or lows. That pattern may last a bit longer as I focus on the day-to-day range which will be more geared towards “day trading and swing trading”. I lay out expectations and support levels in both markets. The daily expectations remain for an eventual break higher and to new ATH’s. Wednesday premarket @8:15 AM EDT – ADP Employment Report – @9:45 AM EDT S&P Flash Services PMI, and @10AM EDT – ISM Services.