February 13, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Update 2/13/2024 by Michael Filighera

The downside got kicked up several notches on Tuesday as the CPI data showed an uptick in inflation – no big surprise! I can also now count 5 waves down on both hourly charts. I’ve updated the larger counts as well — but leaving it at the Minor degree for now. I’ve added the Fibonacci retracements for the bounce (wave 2) now underway.