April 9, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Update 4/9/2024 by Michael Filighera

Today’s session produced a “zero sum” picture where both the ES and NQ rose to session highs early — dropped strongly to session lows and then rallied back to finish the day at the highs. This then leaves current analysis in place for both the preferred and alternate counts. I update the picture and again discuss what to look for to give us an indication on direction for the next several days. Wednesday – pre-market – @8:30 AM EDT CPI – @10 AM EDT – Wholesale Inventories and @2PM EDT – FED minutes from the March meeting.