Only going to show two charts today. The first if of the S&P 500 and some of the technical indicators. The upper chart shows the trendline. Notice how there is a faster trendline down and then a pull back up to the slower trendline. The SVAPO turned the day before the Fed Announcement, with a sell signal. Notice how today the 5 day MA of the Open and the 5 day MA of the close crossed to say that we are in another down trend. The OBV has also been very flat. There was a alot of fluctuation. Stocks opened up much higher but the Bears dominated the Bulls after the early rally.
The second chart shows a classical Elliot Wave on its last leg going down. I labeled the 4 legs going down. If you look closely you can see 5 waves going down on C and 3 waves going up on D. This would imply that there should be 5 more segments going down to form the E Wave. This would take us to 690 to 730. That is where the Russell 2000 should go.
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