Image Source: The FED delivered a 50 bps cut today, which initially got a swift but extremely short-lived drop before the algorithms jumped in. Today’s trading activity did put some clarity towards which of the EW choices the markets are taking. I have adjusted the labeling to reflect my preferred choice after today. I also review and adjust the Fibonacci levels for the top preferred and alternate views.Video Length: 00:26:12More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Sept 17Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Sept 16Weekly Technical Update: Nasdaq 100 – Saturday, Sept 14
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Sept 18
