Wednesday, November 20, 2019

Elliott Wave Stock Market Update - November 20

The market has finally started a bigger correction after weeks of almost non-stop higher highs. This doesn't mean the market will be taking a multi-week correction just yet since a pullback to digest gains was to be expected. Prices could fall to the 3000 level and still be in a rallying position.

Short Term Trend = Bearish
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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