October 4, 2023

NASDAQ 100 & S&P 500 / Elliott Wave Update 10/04/2023 by Michael Filighera

I’ve reinstated the alternate views – yes again – as the NQ raced higher today for various reasons. I update the Fibonacci levels for minute wave 4. Over in the ES, there is the potential as well that minute 4 is still in progress and if this is the case, it would be via an irregular “B” wave within minute 4. I lay it out on the charts and update the Fibonacci extensions that suggest a move back to 4388 would be needed to complete minute 4. Tomorrow pre-market @8:30 AM EDT – Initial Jobless Claims and U.S. Trade Deficit.