Again, not much to be adding to current analysis. As expected the markets were on the quiet side. I have updated the labeling to indicate the completion of a minuet wave 1 with the small minuet wave 2 bounce in progress. I have included Fibonacci retracements and an extension for upside levels that are likely to be reached. The markets continue to await the FED decision due out on Wednesday at 2 PM EDT.
September 18, 2023