Elliott Wave: Week of 12/4/17 - Volatility (opportunity) returns
Last week's price movement carried valuation higher than expected. Exuberance on 11/30/17 turned to fear on 12/1/17. Yes, volatility is back.
Whether you're brave or cautious there is much to consider with tax bills needing reconciliation, talk of shutdowns in D.C., and investigations in progress. In short, enough to shape day-to-day price levels. However, longer term trends are not changed and will take shape as they have in the past.
Bullish? Bearish? Pick your spot. A neutral position is ok, too.
Whether you're brave or cautious there is much to consider with tax bills needing reconciliation, talk of shutdowns in D.C., and investigations in progress. In short, enough to shape day-to-day price levels. However, longer term trends are not changed and will take shape as they have in the past.
Bullish? Bearish? Pick your spot. A neutral position is ok, too.