Thursday, November 15, 2018

Elliott Wave Stock Market Update - November 15

The market posted a decent bounce today but remains bearish biased. Prices would have to rally all the way to 2815 to reverse the bearish pattern in place. Maybe we will see increased volatility ahead?

Short Term Trend = Bearish
Medium Term Trend = Bullish trend being challenged
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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