Elliott Wave: Week of 11/6/17: Look out above!

The long expected correction process is anticipated to start in mid November. Look for wave 5 to complete at/near the channel top. Reasonable expectation is the 2622 level. A correction from there down to support at 2544 would be almost 3%, which fits the expected magnitude. A further struggle follows with a rebound and then another pullback as 2017 transitions to 2018.

*My view is for information sharing and not a market or investment recommendation.