S&P 500 / Elliott Wave Weekly Update 11/23/2024 by Michael Filighera

Weekly Update for the S&P 500. I deconstructed and reconstructed the S&P 500 several times under several scenarios before I settled with what I'm presenting today. Overall the S&P remains in the process of putting in a Minor 5th wave up to complete the Intermediate wave 3. Within Minor 5, I have moved up the completion point for the minute 3rd wave to the November 11th high. This changes the time frame a bit and also cleans up a lot of doubt as to what the market did last week, from being a strange minuet 1 and 2 to an ongoing minute wave 4. My expectations then remain for the S&P to again move higher in the context of a minute wave 5 to additional new ATHs before Minor wave 5 and in turn Intermediate wave 3 are complete.

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