November 2, 2023

NASDAQ 100 & S&P 500 / Elliott Wave Update 11/02/2023 by Michael Filighera

Tonight I present an additional “alternate” view that I have been discussing. I present it as an alternate, and still feel that my preferred counts are the preferred. AAPL earnings were released and presented the markets with a “miss” — we shall see how hard the market adjusts to them. In any case I believe there is additional upside still needed — not a great deal but some — and I update Fibonacci levels as well. Also, the alternate counts also suggest that a strong downside move is next –

Friday – pre-market @8:30 AM EDT Employment data for October, @9:45 AM EDT S&P U.S. services PMI, @10 AM EDT ISM Services.