September 25, 2023

NASDAQ 100 & S&P 500 / Elliott Wave Update 9/25/2023 by Michael Filighera

Current analysis is following through cleanly in both the NQ and ES. Both markets appear to have completed minute 3rd waves at this morning’s lows. Minute 4th waves are now in progress. I have updated the labeling and the Fibonacci retracements for the minute 4th waves. There remains at least 2 more sets of 4th and 5th waves. On the minute degree and the Minor degree. Once Minor 5 is complete it will in turn finish Intermediate wave 1 down and we should get a more sustained (a couple of weeks or more) Intermediate wave 2 bounce. Tomorrow at 10 AM EDT – New Home Sales and Consumer Confidence.