Eye of the Storm Podcast - Weekly Update - NASDAQ 100 6/09/2024 by Michael Filighera

The weekly analysis presents us with a few possibilities, which I review in both the cash and futures markets. Overall, though, I feel we are close, if not finished with the Minor 3rd wave as per the preferred count. The alternate count remains valid as well and I discuss that potential. If Minor 3 is complete or nearly so, then the next leg will be a Minor 4th wave correction and I discuss and show the expected levels that should be reached.
Next week, there bulk of market moving economic data comes on Wednesday and Thursday. Wednesday begins with the CPI data @8:30 AM EDT followed by the FED decision and Press Conference @ 2PM EDT and 2:30 PM EDT respectively. Thursday @8:30 AM EDT - Initial Jobless Claims and PPI data.
Detail oriented trade room showing live markets and teaching proven methods, hosted by a trader with decades of actual real world trading experience.
Michael Filighera of LogicalSignals.com and TradersHelpingTraders.com is an internationally published technical analyst covering the major indices, bonds, currencies, and commodities. Michael’s history with the financial markets dates back to 1979 on the Pacific Stock Exchange Options trading floor. He has traded in the U.S., U.K. (London Traded Options Market), Netherlands (Amsterdam’s European Options Exchange), and Germany (DTB).
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