November 8, 2023

NASDAQ 100 & S&P 500 / Elliott Wave Update 11/08/2023 by Michael Filighera

The NQ and ES may have put in the highs for Minor ‘a’ waves at today’s highs. If this is the case I’ll look for a more sustained decline to begin and form Minor ‘b’ waves of the Intermediate 2nd waves in progress. I review the Fibonacci retracements for the expected Minor ‘b’ waves as well. Pre market at 8:30AM EST – Initial Jobless Claims — FED Chair Powell will be delivering a speech at the IMF @2 PM EST.