April 2, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Update 4/02/2024 by Michael Filighera

Weakness across the board continued on Tuesday as anticipated via the cyclical downside pressure from the 3 month and one month cycles in the S&P 500 and NASDAQ 100. I have updated the Elliott counts and labeling in both the ES and NQ – where both remain in the process of completing Minor 5th waves up and within them minute 4 wave corrections maybe complete at today’s lows or remain in process. I add Fibonacci extensions for the expected minute 5th waves up as well.

Wednesday pre market @8:15 AM EDT – ADP Employment report – 9:45 AM EDT S&P U.S. Services PMI (final), @ 10 AM EDT ISM Services.