Thursday, November 19, 2015

Elliott Wave Stock Market Update - November 19

The short term trend has turned bullish with today's close and we should see the market continue higher on a W3. Whether the W3 sub-divides is anyone's guess but we should see a push towards the most recent high at 2116. Maybe even the all time high set in May will finally be taken out in the next few weeks.

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 = Bearish trend being challenged 

* 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.

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