Minuette wave 3 continued to extend in both the NQ and ES on Thursday. I have updated and cleaned up the Fibonacci extensions currently in play and again discuss how I use the Fibonacci extensions on the various degrees. Currently I am using Fib extensions for Minor 3rd waves, minute 3rd waves and minuette 3rd waves. I will begin to add additional extensions to pinpoint where the various degree 5th waves will end. It is a process but a valuable one for trading the move all the way down. Friday – premarket @9:45 AM EDT – S&P flash U.S. Services PMI and S&P flash Manufacturing PMI – There is one Fed Gov’s and three Fed Presidents heading out to speak tomorrow starting at 8:50 AM EDT, 10 AM EDT and 1 PM EDT.
September 21, 2023