February 7, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Update 2/07/2024 by Michael Filighera

Again not much to be adding to current analysis. Tonight I update the charts as both the NQ and ES did catch strong bids and moved higher “without looking back” as I discussed. Therefore, I am considering both to be within minute 5th waves up and within minute wave 5 – starting minuet 3rd waves today. I update the labeling and the Fibonacci resistance levels. Tomorrow pre-market @8:30 AM EST Initial Jobless Claims, @ 10 AM EST – Wholesale Inventories.