Quick Note Before The Weekend

Nov 4, 2022 - 3:26 PM EDT

As it stands right now, unless we are able to exceed today's high, there is a reasonable set up for a deeper [b] wave that points down to the 3580/90SPX region, where we have the .764 retracement region, where a=c, and where we have a 2.00 extension for a potential i-ii downside structure. We need to exceed today's high before we break today's low to invalidate this potential.

Have a good weekend.

5minSPX

Avi Gilburt is founder of ElliottWaveTrader.net.

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