Friday, November 1, 2019

Elliott Wave Stock Market Update - November 1

Prices have continued higher as expected and the rally could continue as long as the Trend Average remains bullish. Looking at just oscillators, prices could be in for a multi-week rally before any significant correction. However, in the short term, we could see a pullback to digest gains from what seems like a finished 5 wave count,

Have a great weekend!

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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