Monday, November 13, 2017

Elliott Wave Stock Market Update - November 13

The market closed higher today but not enough to stop the TA from turning bearish. So, for the first time in a quite a while, the short term trend is bearish. With that, I am going to prices will continue to head down or correct sideways until it is ready to rally again towards the end of the year to a new high and perhaps the final leg of the rally. I think people have forgotten by now that markets can go down sometimesw.

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

No comments:

Post a Comment