Monday, November 14, 2016

Elliott Wave Stock Market Update - November 14

The market seems to be consolidating in a W4 and unless there are lower lows tomorrow, we should see another rally to challenge all time highs. The DJIA made another all time high today so in time the broader market will very likely do the same. For now, I am just being patient and waiting for a test of the TA to go long.

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

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

No comments:

Post a Comment