Image Source: Nice rally overnight for US equities and precious metals. Too bad we didn’t get a chance to trade it unless you get up earlier or live in Europe. In any case, I’ve updated the labeling – due to the rally knocking the diagonal(s) out of contention and I also discuss in both markets what the possibilities are for what actually completed at the overnight early morning highs – new ATH for the S&P 500. The markets are again close to a larger juncture where stronger downside correction would be expected, or we still have another leg up to finish this sequence. I also adjust Fibonacci levels and bring them into the current counts.Video Length: 00:26:57More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Sept 25Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Sept 24Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Sept 23
