October 12, 2023

NASDAQ 100 & S&P 500 / Elliott Wave Update 10/12/2023 by Michael Filighera

Yes, it was another interesting day in the treasury and equities markets – in the NQ and ES the markets rallied to complete the respective Minor 2nd waves and within an hour took a swam dive off a cliff and began to decline nonstop for the next 2 hours. I have updated dated the charts to reflect the end of Minor 2nd waves and add the initial Fibonacci extensions for Minor 3rd waves. Friday pre market @8:30 AM EDT Import Price Index. @9 AM EDT Philly Fed President Harker is speaking and @ 10 AM EDT Consumer Sentiment is released.