May 7, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Update 5/7/2024 by Michael Filighera

Not much to be adding to current analysis. Both the ES and NQ continued to advance albeit at a slower place. I have update the labeling where I am looking for a pull back in both markets. I also include the Fib retracement levels for the pull back. I am still looking for a continuation of the upside with an eventual move to new highs before the move is complete. Wednesday @10 AM EDT – Wholesale Inventories.