Monday, November 20, 2017

Elliott Wave Stock Market Update - November 20

The market didn't do much today but we should find out if there is a 5th wave left or the bounce was a bull trap in the next session or two. The TA continues to be bearish biased but I am leaning towards the bullish side since stocks normally rally towards the end of every year.

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

Short Term Trend = Bearish 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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