February 6, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Update – 2/06/2024 by Michael Filighera

Not much to be adding to current analysis — today was basically a consolidation day that didn’t really offer many changes or additions to the current count. I review both the current and potential patterns in progress for both the ES and NQ — I also review the Fibonacci levels associated with both — and also discuss the implications of the prospective moves in terms what to look for to get some confirmation of which may be in play. Tomorrow pre-market @8:30 AM EST U.S. Trade Deficit.