July 31, 2023

S&P 500 & NASDAQ 100 / Elliott Wave Update 7/31/2023 by Michael Filighera

Both the ES and NQ were more rangebound than making additional gains or losses to change the current analysis — basically unchanged on analysis — could spend another day in the current tight range — expectations would be for both the ES and NQ to eventually break to the upside to finish the larger sequences — I added Fibonacci extensions for Minor and minute 5th waves.

Tomorrow @9:45 AM EDT – S&P final US manufacturing PMI, @10 AM EDT – ISM Manufacturing.