$SPX - Market Analysis for Oct 8th, 2018

The continued weakness today means that wave (a) of iv is still in progress, with price likely re-attempting a (b)-wave bounce again soon. I don't expect the (a)-wave to exceed 2845 to the downside, but anything is possible.

$SPX - Micro - Oct-08 0859 AM (1 hour)
$SPX - Micro - Oct-08 0859 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.