November 28, 2023

S&P 500 & NASDAQ 100 / Elliott Wave Update 11/28/2023 by Michael Filighera

Not much to be adding to current analysis — I review the current EW labeling and discuss the potential for both additional decline and the expectations that the markets still have an additional rally in the form of minute 5th waves. I also discuss how the S&P 500 and the NASDAQ 100 are under the total spell and control of 7 stocks. Also add a very simple discussion on Wykoff Distribution Method – I am not an expert just adding it to the conversation. Wednesday pre-market @8:30 AM EST GDP and @2 PM EST FED Beige Book.