Interesting, delayed reaction/response to the rate cut – I would say. With the buying starting in Asian markets and flowing through European markets but the time it got back to the U.S., the cash markets gapped higher with the futures and ETF’s adding to strong upside moves. It was interesting to watch the economic numbers receive a muted response. Nonetheless I’m continued to favor the Minor 5th waves being in force, but I do give stronger words towards the necessity for the Nasdaq to pick up the pace and get above 21000. AKA – leaving the “irregular b-wave” analysis in place as well for now.Video length 00:35:30More By This Author:
Nasdaq 100 & S&P 500 – Elliott Wave Daily Update
