October 10, 2023

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

onight I update the current analysis as I track Minor 2nd waves for both the NQ and ES. There is the possibility that Minor wave 2 is complete in the NQ but still needing an additional move above 4420 in the ES. However, having said that I feel that the NQ would cruise to an additional high above today’s 15383 high. Now having said that it is possible to label the Minor 2 as complete – needing an additional low to complete a five wave structure down off of today’s highs in both the NQ and ES –

Tomorrow premarket – CPI data will be released. Obviously the market reaction should be strong enough to deliver directional bias.