March 25, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Update 3/25/2024 by Michael Filighera

Interesting day – yes again – both the NQ and ES trading under lower volumes and seemingly higher volatility. The EW counts ( yes, this old dog can learn new tricks) – have been updated to include today’s trade — and after going over the counts with Sascha Goring ( my colleague in the trade room) – I decided to use his count – which is using labeling wxyz instead of abcx. None the less both markets presented a challenging day and tonight I leave you with a preferred and 2 alternates for each market. Let’s see what the market comes up with tomorrow. Tuesday @ 10 AM EDT – New Home Sales.