January 25, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Update 1/25/2024 by Michael Filighera

Both the NQ and ES continued to work through what is best viewed as minute 4th waves. Both continue to appear to need additional declines to complete wave “c’s” of 4. I go over the labeling, Fibonacci levels both retracements and extensions (estimates) for minute 5th waves. Friday pre-market: @8:30 AM EST – Personal Income and Spending, PCE Index, @ 10 AM EST Pending Home Sales. Friday is also a weekly expiration and several earnings reports will be released pre – market as well.