Elliott Wave Stock Market Update - November 11

The market has continued its correction but has not been able to break support at 2150. If support breaks on Monday, we should see the TA tested. However, if it stays intact then we should see another higher high coming next week. Now that the elections are over, traders can finally focus on other things.

Have a great weekend!

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 trend being challenged

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