Elliott Wave Stock Market Update - November 15

I am posting late today because I spent the whole day at Disney's California Adventures, great place to take the kids. Anyway, the market is following the 5 count posted and I expect a higher high to complete the structure and then a correction to test the rising Trend Average. If bulls can gather momentum tomorrow, we might see a new all time high before the end of the week.

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