June 3, 2024

S&P 500 & NASDAQ 100 – Elliott Wave Daily Update 6/03/2024 by Michael Filighera

Both the ES and the NQ continued to churn for much of Monday’s trade. I focused on the hourly chart to update the picture. Expectations remain for the current preferred count to move higher before completing. I update the EW labeling to include today’s action – also add Fibonacci extensions for a possible path higher. Tuesday @10 AM EDT – Factory Orders & Job Openings.