Elliott Wave Stock Market Update - November 24

The market seemed to follow through somewhat on the micro count posted, but the ideal would be another high before starting the correction. After rallying for over a month non-stop, the market really needs to take a break from all this unjustified euphoria. It almost seems like bears have capitulated at this point as they're nowhere to be seen.

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 into consideration other factors.