September 4, 2023

NASDAQ 100 & S&P 500 / Elliott Wave Update 9/04/2023 by Michael Filighera

Tonight I update both the Preferred and Alternate counts to include Friday’s trade and the Globex sessions thus far. There is the potential that both the ES and the NQ have completed their respective Minor 2nd waves. I discuss what to comes next if this is the case. I also detail how the alternate counts are hugging the preferred for status and as both remain alive and well. The markets are though reaching levels that should reveal which is in progress now. I also update the Fibonacci extensions and retracements for both the Preferred and Alternate counts.