Midday Update: 2023-09-25

Equities try to bounce on a slow news day

S&P 500 futures fell to a new low under that of last Friday which found against 4339.50-4336.25, a wave [III] target zone. Thus far, we have had a choppy bounce up from that area through the morning and early afternoon. Was that the wave [III] low? I’m not sure. The price is right, but the form is not clear. I’d say that if futures stabilize above 4366.…