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Monday, November 14, 2016

Elliott Wave Update 14 November 2016

Triangulating in the S&P 500 (you can make a bullish triangle or a bearish) so which way will it break?
Gold has significant support at the $1200 level + or - $20.
Bonds. Ending wedge pattern suggested a sharp move to the upside.
6 month yield count. Following through in a thrust upwards.
3 month yield is leading and portends a rate hike by the Fed.  Rate hikes will crush those who are in major debt that relies on the short term rate (such as credit cards). Its going to crush most of America.

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