October 9, 2023

S&P 500 & NASDAQ 100 / Elliott Wave Update 10/09/2023 by Michael Filighera

The markets initially did react somewhat to the situation coming out of Israel, but technically the ES and NQ followed through on filling in the expected continuation of Minor 2nd waves. Thus far then, in both markets waves a and b of Minor 2 are complete with both markets in process with minute c waves up to complete Minor 2nd waves — I update the Fib retracements and extensions. Tomorrow at 10 AM EDT Wholesale Inventories. Wednesday and Thursday of this week will see PPI and CPI data being released.