September 19, 2023

S&P 500 & NASDAQ 100 / Elliott Wave Update 9/19/2023 by Michael Filighera

Today’s trade was a bit on the crazy side – I have update the labeling and the EW counts for both markets – slight change in trajectories of the current Minor 3rd waves down — the labeling changes come in within the minute 3rd waves down – the subdivisions are larger than I expected and I have updated the charts to reflect that — I have also updated the Fibonacci retracements for the bounce in progress now. I also present an updated alternate count that actually goes back and involves the Minor wave 2.

Tomorrow’s big news will be the FED decision at 2 PM EDT with Chairman Powell’s press conference starting at 2:30 PM EDT.