Midday Update: 2023-10-26

S&P 500 soft in the morning but beware of a bounce or more

I wouldn’t call the low today thus far my ideal target for wave [V] of v of (i), but the low is on a harmonic of a channel and not that far under the 4141 SPX target. If 4141 is recovered, I counsel against being in a hurry to short, nay that it makes sense to start looking for reasons to buy.

ZB failed to retest the recent low or make a new low which i…