September 20, 2023

NASDAQ 100 & S&P 500 / Elliott Wave Update 9/20/2023 by Michael Filighera

FED came, FED saw, FED left unchanged. Well almost — Fed Chair Powell was perceived as being rather Hawkish which produced the 3rd wave down that I was looking for. I go into detail on the “what I look for” part of analysis which kicked in today with all of its power. I’ve updated the charts, also updated the Fibonacci extensions – review all the Fib levels being produced by the Minor 3rd, minute 3rd and now minutte 3rd waves. Thursday premarket @8:30 AM EDT – Initial Jobless Claims, Philly Fed Manufacturing survey, and U.S. Current Account Deficit. @10AM EDT U.S. .Leading Economic Indicators and Existing Home Sales.