September 17, 2023

Eye of the Storm Podcast – Big Picture Technical Update – S&P 500 & Nasdaq – 100 9/16/2023

Today, I update the cash and futures markets for the S&P 500 and the NASDAQ100 after a somewhat confusing week after the release of the latest inflation data via the CPI and PPI reports. I update the cash and futures charts with both the cash and futures charts now reflecting my preferred counts. I also update and include the Fibonacci extensions for Primary wave C, and within Intermediate 1st waves – Minor wave 3 and minute wave 3. I review the downside potential and potential resting “stops” along the way to the completion point for Primary waves C. Big event for next week — the FED decision on rates due on Wednesday at 2 PM EDT. 3rd Quarter earnings begin October 13th within the Banking sector.