April 25, 2024

NASDAQ 100 & S&P 500 / Elliott Wave Update 4/25/2024 by Michael Filighera

MSFT & GOOGL produced solid earnings reports sending both stocks higher after the close which in turn pushed the NQ and ES higher. However, while I have switched to the “other” preferred count after the earnings were reported both counts remain active for now. Each time I feel one has overtaken the other and is appearing to be also taking over ‘pole’ position the markets shoves another surprise out there. So, for now, it all remains the same — 2 counts – 2 scenarios and 2 outcomes. Friday pre-market @8:30 AM EDT – Personal Income & Spending, PCE Index data – @10 AM EDT – Consumer sentiment.