Stock Market Analysis With The Elliott Wave Principle
-Dow Jones, S&P 500, Russell 2000, Nasdaq and FX.
All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
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Tuesday, November 24, 2015
11/24/15 - AM Update
8:20 AM - Bears need to defend the red horizontal. That marks the end of what would be wave 1 albeit a corrective wave 1, which I believe is corrective, hence the long position.
8:20 AM - 15 Min
7:14 AM - The market had a lil more to go after breaking out of the lil triangle and completed all five waves at 2097. We'll see if 38% is the target for retrace.