Monday, November 6, 2017

Elliott Wave Stock Market Update - November 6

Prices made another new ATH today and could see the 2600 level in the next few days. The market has been in a state of constant euphoria ever since Trump won, despite the fact markets initially plunged when the news Trump had won. This strong wave is likely to be an intermediate W3 and we should see a W4 and then one more leg to finish off the bull market. When is that coming is obviously the million dollar question but given the amount of waves in already, I am getting prepared by saving (and not investing) as much cash as possible. What is already invested already, I'll will let it ride but it's time to pullback on risk on new positions.

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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