Elliott Wave Stock Market Update - December 21

Traders are now really on vacation but I assume the market will start rallying early next week. The sideway move for the last 2 weeks should have been enough to digest gains since Nov 9th and the market closing above 2300 by the end of next week is very possible if yesterday's low of 2256 doesn't get re-visited.

Merry Christmas and have a safe long weekend!

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

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