$SPX - Market Analysis for Nov 5th, 2018

SPX is trading modestly higher this morning, after turning down from the 2757 target at last week's high. However, the pullback as wave b of B is likely incomplete, so I am expecting another leg down from around here as wave (c) of b toward 2679 - 2660 before turning back up in wave c of B.

$SPX - Micro - Nov-05 0639 AM (1 hour)
$SPX - Micro - Nov-05 0639 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.