April 29, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Update 4/29/2024 by Michael Filighera

Tonight, I spend some time addressing the “predictability of EW”. I bring both the cash and futures markets forward after today’s trades. Unfortunately, although closer still, the markets have not invalidated one of the two preferred counts. Both remain in play and I again review the what the path the success and the path to invalidation will look like to bring me down to a single preferred count. This week’s economic data focus’s on pieces of the “employment” pictures on several levels. Tomorrow @8:30 AM EDT – Employment Cost Index, @9:15 AM EDT Case-Schiller Housing Index, @9:45 AM EDT – Chicago Business Barometer, @10AM EDT Consumer Confidence.