Wednesday, November 23, 2016

Elliott Wave Stock Market Update - November 23

The market almost made a new all time high again today but fell just marginally short. My guess is new highs will continue as long as the short term trend remains bullish. Technically there are enough waves to start a correction but the current bullish wave could be extending and take its sweet time before a big pullback.

Happy Thanksgiving!

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 = 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

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