SPX Elliott Waves (SP500)

[gratitude]

Current Elliott Waves - From 2855.94, it started red wave 3, and so far it finished black waves I and II, and the question is if black wave III is done. Its length would suggest that it is done but the drop in the week of Nov. 18 seems rather shallow. While many other ppl consider it black wave iv, I am going to take the risk and say that it seems more like a drop of a smaller degree than black waves, so I will consider than we are still doing black wave III for now.

So, if we get a drop next week, I expect it to be again a shallow one, and then Christmas run should start to finish black wave iii.