Today was a Fed Day and the election is next week. After the Fed announcement, we had a 5th wave down towards 2087.5 – matching the start of the green candle in the pink circle below.
The Russell daily chart shows enough waves to potentially complete downside. However, it’s gone further than I expected. I did not expect it to get near 1150, yet here we are.
However, the Russell made new lows lower than after Fed announcement at 2pm.
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