It was a true “summer doldrums” type of day — lite volumes and choppy movement. There aren’t any changes to make to current analysis. I review the picture for both the NQ and ES — add an alternate that I presented in that the Minor 2nd waves may still be in progress. I review the Fibonacci retracements for Minor 2nd waves again and also review the Fibonacci retracements for the minute 2nd waves under way within the preferred counts. Tuesday at 10 AM EDT – Consumer Confidence will be reported.
August 28, 2023