May 6, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Update 5/6/2024 by Michael Filighera

Both the S&P and NAS followed through on current analysis. The upside swing continued with 5200 in view in the SPX and 18200 in the NDX. I update the near term picture and include some Fibonacci levels. I continue to feel the market will not waste time in getting back to new ATH’s. My longer term view has not changed. Only Consumer credit on tap to be reported on Tuesday at 3 PM EDT.