Market Outlook entering the Week of Nov 16th = Uptrend

MOVING AVERAGES

• Short-term (20 DMA): Uptrend
  All the major stock market averages ended the week above their 20-day moving averages.

• Intermediate (50 DMA): Uptrend
  All the major stock market averages ended the week above their 50-day moving averages.

• Long-term (200 DMA): Uptrend
  All the major stock market averages ended the week above their 200-day moving averages.

COMMENTARY
A quiet week for the markets.  All the indexes remain above their moving averages, William O’Neal’s Big Picture analysis shows a confirmed uptrend, and no changes on the Elliott Wave front.  Key S&P500 price levels to watch:

• Resistance: 2,070
• Support: 2,019

Elliott Wave Analysis from the ELLIOTT WAVE lives on by Tony Caldaro

2014-11-15 – US Stock Market Averages