Friday, November 10, 2017

Elliott Wave Stock Market Update - November 10

The market closed flat today but now it finds itself under the TA and this is the first negative week since early September. I guess technically one could call it a correction but we need to see stronger selling and lower lows to see a longer lasting decent decline. Support at 2566 seems critical to the current uptrend, so until that breaks, the path of least resistance is up.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit

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

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