Image Source: The markets are seemingly beginning to have trouble picking up the rallies again. Which does keep the wave 4’s in play and a bit more confusing. Nonetheless, I am not making any major changes to the labeling. I continue to review the alternate counts with an additional being discussed today. That being that the rally off of the 11/4 lows to the recent highs was minuet wave 1 of minute 5. That would be “out there” for me, but worthy of mention since it leaves additional downside possible with the stronger rallies again picking up the pace to the upside.Video Length: 00:25:43More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Nov 12Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Nov 11Weekly Technical Update: S&P 500 – Sunday, Nov. 10
