Stock Market Outlook entering the Week of November 17th = Uptrend
- ADX Directional Indicators: Uptrend
- Price & Volume Action: Uptrend
- Objective Elliott Wave Analysis: Uptrend
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