November 29, 2023

NASDAQ 100 & S&P 500 / Elliott Wave Update 11/29/2023 by Michael Filighera

Wednesday, started in line with current analysis with the ES and NQ reaching additional sequence highs shortly after the opening. The highs were rejected in both markets. This however didn’t make things (the counts) as clear as I would hope. Therefore, tonight I am presenting 3 possible scenarios that are applicable for Globex and the RTH session in the US on Thursday. I also include Fibonacci levels for the scenarios presented — it will be the market as it always is that will make it clear as to direction. Thursday Pre-market @8:30 AM EST – Initial Jobless Claims & PCE Index. @9:45 AM EST – Chicago Business Barometer (PMI) – @10 AM EST – Pending Home Sales,