Thursday, November 8, 2018

Elliott Wave Stock Market Update - November 8

The market seems to have started a minor correction which I am labeling a W4. So, I am assume the rally will resume after gains are consolidated in the next day or two. There might even be an ATH challenge later this month for as long as the TA remains bullish.

Short Term Trend = Bullish
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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