Tuesday, November 29, 2016

Elliott Wave Stock Market Update - November 29

The market technically continued its correction today but it might be over tomorrow if the 2198 low doesn't break. There is a small Head and Shoulders pattern that targets 2220, so we could another new all time high in the next couple of days. The same market that was panicking on election night is now ecstatic about Trump.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com

Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish

* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

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