Midday Update: 2023-10-25

Earnings dragging S&P 500 down to a new low

SPX is following the plan with the gap down today and should be working on wave [V] of v of (i) down. First serious support is at 4166 SPX but might see a consolidation before that intraday.

On plan with lower in [V]

Below is an aggressive bearish count on a slightly lower time frame in futures. Maybe as small bounce in the afternoon followed by a new low…