December 6, 2023

NASDAQ 100 & S&P 500 / Elliott Wave Update 12/05/2023 by Michael Filighera

Great trading day — not so easy to dissect and analysis the Elliott Wave . Nonetheless I am leaving it as wave 4 possibly still in process needing an additional decline down to support. Or the other side of the market in that wave 4’s are complete and Minute 5 waves are in progress — I lay out what needs or should be seen if this is the case with another run for 16250+ in the NQ and 4637 in the ES. Wednesday pre market @8:15 AM EST ADP Employment, @8:30 AM EST U.S. Productivity and U.S. Trade Deficit.