March 14, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Update 3/14/2024 by Michael Filighera

Another very volatile day trading within the NQ and ES. I’ve updated the charts and included necessary changes or additions to the Fibonacci levels. Friday is “triple witching” expiration and is likely to add a higher level of intraday volatility within the NQ and ES. I would favor a higher close for both the NQ and ES with downside still in the picture but likely to occur early. Friday pre-market @8:30 AM EDT -Empire State Manufacturing survey, Import Price Index, @9:15 AM EDT Industrial Production and Capacity Utilization, and @ 10 AM EDT Consumer Sentiment.