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This week, I start with a quick review of the larger picture off of the 3 year weekly chart. The S&P continues to progress along the path to complete either minute “b” of Minor 4 or minuet 1 of minute wave 3 of Minor 5. The market has been building with anticipation for Monday’s Quarterly expiration. Much will be (hopefully) made clear after Monday’s trade. I discuss in some detail both sides of these sequences. The choice at the moment is how far the market will correct next — both counts suggest a high is either in or close – so it will be the anticipated correction that will fill in the blank of depth of the correction and the starting point for the next leg of the rally. I also bring in some seasonality as we move into the 4th quarter.Video Length: 00:34:06More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Sept 26
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Sept 25
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Sept 24
