Tuesday, November 6, 2018

Elliott Wave Stock Market Update - November 6

The market has turn the TA bullish and seems ready to challenge the 200 DMA in the next few sessions. I think the market will be using the election results as the catalyst even if we have no idea what the outcome will be at this point. If resistance breaks, prices have a good chance to reach 2800 in the near term.

Short Term Tend = Bullish
Medium Term Trend = Bullish trend being challenged
Long Term Trend = Bullish

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