Wednesday, November 29, 2017

Elliott Wave Stock Market Update - November 29

The market consolidated some of its gains today in what should be a W4 and short term oscillators reset, I expect another leg to a new all-time high. There is a good possibility of this 5 wave count being a W1 of an intermediate 5 count. If that is the case, prices could shoot as high as 2800 in the next few weeks.

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

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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