Elliott Wave Stock Market Update - November 30

The market has finally closed under the Trend Average for the first time in almost a month. Prices tested the 2198 level but failed to make a lower low, but if prices go below support then we should see a bigger pullback ahead. If prices are able to regain its footing tomorrow, then the target at 2220 remains in place. The market could use a break for couple of weeks, so we'll see if the bigger correction comes.


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Short Term Trend = Bullish trend being challenged
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