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Market Timing and Price Projections
Intraweek Update, November 22, 2023
BraVoCycles Newsletter
November 22, 2023
Summary
Just a quick note as not much has changed, and most comments from yesterday and the weekend report stand. Did the market top for now? Perhaps. Certainly, indexes are losing momentum. One could make a case that the Elliott wave structures in ES and NQ are completed, but I could see other ways to count that allow more up at the micro level. Ideally, I would like a bit higher for ES and SPX to reach their targets (SPX to 1865+/-15), but I am on alert that the top might be in. Whether a new high will be achieved or not is largely academic as the upside is limited, in my opinion.
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