This is how the week should play out.

My initial projection from last weekend had Minor Wave B ending by the lunch hour on September 17. With more data, my projection has moved to the right a bit.

It looks like the Fed press conference ending Minute wave A and we are in the early stages of Minute wave B. Fortunately it should be short lived. I project this to end with a bottom around 3360 with about 3 hours left to trade on September 17.

Based on hitting that specific mark, I am projecting Minute wave C and ultimately Minor wave B to end around 3470 about one day later. I am still projecting the next down swing to begin before the week ends.

Another looser projection is the end of Minor wave B based solely on Minor wave A's movement. This has Minor wave B ending near the close of trade on September 17. I no longer assess this spot to be the end.

I will write again this weekend, but I am still bearish for the next two weeks before we are ready to test the ATH in mid to late October.

Follow and stay tuned for more!