August 3, 2023

S&P 500 & NASDAQ 100 / Elliott Wave Update 8/03/2023 by Michael Filighera

Tonight I’m starting with the cash markets — and I’m presenting the alternate view — today’s earnings reports for AAPL and AMZN plus several subscribers have presented the potential and stand with the alternate view — I update the SPX and NDX labeling to reflect the alternate view and leave the ES and NQ with the Preferred view labeling. It shouldn’t take very long for the market to make its decision on direction — Tomorrow pre market at 8:30 AM EDT – Non Farm Payrolls, US Employment Rate, and Hourly Wages.

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