Monday, November 18, 2019

Elliott Wave Stock Market Update - November 18

The market made another ATH today and the wave is looking stretched at this point. So I assume there will be a sideways consolidation or a pullback to digest recent gains starting in the next session or two. I have to say I am surprised by the market's resilience but then again the economy is good and I can see that in my own business's numbers. So until we new signs of a slowdown, the market will just continue to go up and up.

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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