Market Updates
Positions Report – October 2023
Knox RidleyOCT 6, 20235 Min Read
The tech-heavy NASDAQ-100 (NDX) appears to need one more drop to complete the current correction we are in. But, unlike the S&P 500, the NASDAQ-100 is in a more bullish posture. This correction, unlike in SPX, has not retraced a significant portion of the large breakout we saw earlier this year, unlike in SPX. So, it has higher probabilities to push to new highs even if the 4163 SPX pivot does not hold. If this plays out, I still view NDX in a larger (B) wave. So, expect us to continue to sell into any further push higher from here.
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