Stock Market Analysis With The Elliott Wave Principle
-Dow Jones, S&P 500, Russell 2000, Nasdaq and FX.
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Tuesday, November 4, 2014
11/4/14 - EOD Update
[EOD Update] - Three options on the 1 min chart. The 5 min shows a potential bearish pennant/flag.
However, what could be happening if the bears cannot flush this below 2000, is a trading range to consolidate this leg up from 10/15/14. If so, then I would expect this to consolidate between 2000-2020.