Holiday Special Marco Update
By Bennett Tindle
November 27, 2019
We hope everyone is ready for the holidays and are able to spend time with the ones you love. It has been an exciting year in the markets, and we are finally breaking to new all-time record highs in the major US indices. If you have been following our work, you know we’ve been long and well established throughout this uptrend. In fact, we even highlighted the major zones of support and forecast the most recent post-triangle divergence on our public Elliott Wave Wednesday livestream. Be sure to subscribe to Todd Gordon’s YouTube channel to watch weekly, as we have several guests lined up for the new year! In the meantime, join me below to follow along as I walk us through the charts, noting key zones along the way.
As you can see by our current S&P 500 and Nasdaq count, a 4th wave correction or prolonged period of consolidation isn’t out of the question. In fact, it would actually be welcomed and offer some potential sideways trading opportunities. From an investment standpoint we are maintaining significant long exposure in our portfolios, and will look to re-evaluate the indices once this post-triangle motive-impulsive advance comes to completion. Thank you all for tuning in, and we’ll be sure to keep you apprised as things develop! In addition, be sure to check your email and our website tomorrow evening for our Black Friday and Cyber Monday sales!