August 14, 2023

NASDAQ 100 & S&P 500 / Elliott Wave Update 8/14/2023 by Michael Filighera

I have moved the “alternate” count over to the preferred count on both the ES and NQ. I updated the labeling and discuss in some detail the reason for the balance of proof now being towards the Minor wave 4 having completed at Friday’s lows with Minor wave 5 in its initial stages. I update the Fibonacci extensions for Minor 5 and restate the possibilities for moves to new ATH’s before the Primary B wave is complete. Tuesday pre-market @8:30 AM EDT – Retail Sales, Import Prices, and Empire State Manufacturing Index. @ 10 AM EDT Business Inventories.