Tuesday, November 26, 2019

Elliott Wave Stock Market Update - November 26

The market opened this week in a bullish note and today it managed to set another ATH. I was hoping to see a zig zag for deeper correction but this market is not in the mood to take breaks. So now that the TA is bullish again, prices could keep climbing several more weeks until the market exhausts itself.

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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