July 2, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Daily Update 7/02/2024 by Michael Filighera

I hate to say it but my hunch about upside did end up playing out. I’ve made the necessary adjustments to the labeling — Still looking for the completion point of Minor 3rd waves. Updated and include additional Fibonacci levels for the minuet 5th waves in progress now. Wednesday pre-market @ 8:15 AM EDT ADP Employment, @8:30 AM EDT Initial Jobless Claims and U.S. Trade Deficit, 9:45 AM EDT S&P final Services PMI, @10 AM EDT – Factory Orders and ISM Manufacturing, @ 2PM EDT – Minutes from FOMC June meeting.