Monday, November 4, 2019

Elliott Wave Stock Market Update - November 4

I thought the 5th wave was finished on Friday but I was wrong. The market has made another ATH and looks like it will continue higher with or without a pullback as long as the TA is bullish. I assume there will be a correction in the next few weeks and then we could see a bullish December.

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

No comments:

Post a Comment