Market Update for Thursday, September 14th, 2023

Good afternoon, traders.

Yesterday we had good reason to suppose that we might move up, and that worked. The S&P 500 gapped up over not only this green trend line, but it also gapped up over the 50-day SMA and then rallied most of the day:


I also had a very bullish way I was inclined to count the structure, but I am having doubts creep in today and I will discuss some alternatives we may have to endure.

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So, we’ll see what happens. I’m open to a couple of variations for now. I hope everyone has a fine evening.

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