Wednesday, December 7, 2016

Elliott Wave Stock Market Update - December 7

The marker broke out of range in what is obviously now a W3. I was wrong in assuming we would get one more dip before the break out and instead the count I was following was a nested bullish 1-2. Higher highs are likely to come and this Trump rally might just go all the way until 2107 without much of a break.. it's gonna be Yuge!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit

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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