Thursday, November 9, 2017

Elliott Wave Stock Market Update - November 8

Prices dived in the morning but managed to recoup losses by the end of the session. The close is still above the Trend Average, so it's too early to tell of the trend will pause at this point. Considering the time of the year we are in and the current state of the economy, there is more room to the upside for the time being.

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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