August 7, 2023

S&P 500 & NASDAQ 100 / Elliott Wave Update 8/06/2023 by Michael Filighera

Friday’s trade saw both sides represented with upside completing early and downside carrying both the ES and NQ lower into the close — I update both the SPX and NDX (alternate counts) and the ES and NQ (preferred counts) with Fib retracements — The only data due out on Monday comes at 3 PM EDT with Consumer credit – which is interesting – expectations are for a $3.7 billion increase. Could produce another volatile last hour.