Wednesday, December 6, 2017

Elliott Wave Stock Market Update - December 6

Prices have continued to struggle in today's session and now the Trend Average has caught up with the market. Still, the bias remains bullish and we will see highs tested if the uptrend remains in place. Alternatively, we might see limited downside or sideways trading to set up a base for a Christmas/January rally. This year has turned out to be one of the most bullish years since 2009, how much longer can this last is the million dollar question.

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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