February 27, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Update 2/27/2024 by Michael Filighera

I update the labeling and the Fibonacci numbers today – as it appears that both the NQ and ES have finished what I have labeled as subminuet wave 4 of minuet wave “a” of minute wave 5. I lay out a probable path that contains minimal pull backs before minuet ‘a’ waves are complete. I include the Fibonacci extensions for subminuet 5 as well. Tomorrow pre market @ 8:30 AM EST GDP (first revision), U.S. Trade Balance, Advanced Retail Inventories, and Advanced Wholesale Inventories.