Stock Market Outlook entering the Week of November 17th = Uptrend

• • ADX Directional Indicators: Uptrend
  • Price & Volume Action: Uptrend
  • Objective Elliott Wave Analysis: Uptrend

COMMENTARY
The stock market outlook remains in an uptrend, with price at an all time high and continued bullish price action in the ADX, price/volume and OEW signals.

In the daily view, the S&P500 looks a bit extended from support.  The ~3075 price level should act as the gatekeeper for any large decline.

Just like asymmetric warfare, one trade war tweet will override fundamental and technical research in the short-term, so risk manage accordingly!

More commentary after the jump…Stock Market Outlook – Week of November 17 2019