SP500 technical analysis and NASDAQ analysis for today October 13th using Elliott Wave Theory- The market traded slightly lower yesterday as all eyes on are on the CPI data.

SP500 Technical Analysis

SP500 technical analysis is telling us that the market is clearly not interested in the FED minutes and only cares about the looming CPI data. We have 2 potential paths where we could see the low hold and a C wave up toward 3800 or a potential break of 3571 that should lead to some quick selling into the 3250-3450 range.

NASDAQ Analysis

NASDAQ analysis is telling us that the the since they have broken their low we would look for a potential ABC higher or another break of the low leading us to the 10000-10500 region.