NASDAQ Update: Not Much Happened Today

Normally, fed day brings along with it, volatility. Today however, that didn't seem to happen. Most charts I track stayed pretty steady all things considered. As of now this has been a somewhat standard retracement. If it continues along its current path, then I would expect it to hit towards the top of my target box.

Due to how long a wave lasted, this b wave should finish by the end of this week, and if not then Monday at the latest. Of course, anything is possible, but if it remains standard it shouldn't drag on that long.

There is always the possibility we drop without hitting my box first. As of now it appears we still need a (C) wave up to complete our b wave, so I do not anticipate that at this time.

Bonam Fortunam,
--Tyler

Commento:

So far so good

Commento:

Today we tagged my B box and headed down in what I'm calling a c-wave. If we breach $14853 then I will call that confirmation of a top. We have a good start by breaching the Wave iv of a smaller degree, but we really need to breach the Wave iv on the intermediate degree.