Stocks have stabilized in November with strong and impulsive fashion, which indicates for a bigger recovery. Looking at the 4h time frame and latest developments of the SP500, we can see a sharp rise towards 4400, which is a clear impulse, so we expect a three-wave A-B-C recovery possibly even to 4500 for wave B or possibly even for wave (D) of a triangle. From Elliott wave perspective, there’s room for more upside within wave C after a pullback in wave B that can show up soon down to 4240-4320 area.
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Source: https://www.fxstreet.com/news/sp-500-has-room-for-a-bigger-recovery-but-after-a-pullback-202311130934