March 7, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Update 3/7/2024 by Michael Filighera

Adjusted the ES labeling – but the Minor 5th wave does remain out of the triangle pattern and a “normal” 5 waves up of minute degree. Wild ride today in both the ES and NQ — but then the markets do remain in a “topping process” and seem to be “blowing off” to finish the upside move that began in October 2023. I also update and review the balance of the Fibonacci resistance as minute wave 5 continues — Friday – pre market – @U.S. 8:30 AM EST Non Farm Payrolls, Unemployment Rate and U.S. Hourly Rates.