Monday, November 28, 2016

Elliott Wave Stock Market Update - November 28

The market is taking a break and perhaps we will finally see the Trend Average tested, which is at 2195. I can see this wave continue to make higher highs if the TA holds the correction. Maybe the coming interest hike will serve as a better excuse for a bigger correction to set up the market for a Santa Rally?

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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