Sideways Today - Market Analysis for Nov 25th, 2020

Today’s action has not really added anything to the information we have about the market.  So, I am going to keep this rather simple.

As long as the SPX remains over 3610SPX, it still retains potential to push higher one more time to complete wave v in the diagonal we are tracking.

However, once we break below 3610SPX, then it is likely we are in the wave 2/[2] pullback.  

I want to wish all of you a very happy, healthy and safe Thanksgiving holiday.  Take the time off to appreciate your families as well as your good health.

5minSPX
5minSPX
60minSPX
60minSPX
Avi Gilburt is founder of ElliottWaveTrader.net.