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.
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.
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