Wednesday, November 22, 2017

Elliott Wave Stock Market Update - November 22

Prices corrected mostly sideways today and we could see the count change to a more bullish set up if we see an impulsive wave in the next few sessions. Also, looking at oscillators, I see a room for another multi-month bullish leg if we see bullish momentum increase in the next week or so. This market looks like it's going to close out the year at ATH.

Happy Thanksgiving!

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

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