Elliott Wave Stock Market Update - November 16

Prices failed to make a higher high today in the cash market but they technically did already in pre-market, so we could see a correction starting soon. If we ignore the higher high in pre-market, there is still room for upside and a new all time highs in the next few sessions. At this point I think it is a question of when and not if.

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