Sideways Today - Market Analysis for Nov 25th, 2020

Nov 25, 2020 - 2:20 PM EST

Today’s action has not really added anything to the information we have about the market. So, I am going to keep this rather simple.

As long as the SPX remains over 3610SPX, it still retains potential to push higher one more time to complete wave v in the diagonal we are tracking.

However, once we break below 3610SPX, then it is likely we are in the wave 2/[2] pullback.

I want to wish all of you a very happy, healthy and safe Thanksgiving holiday. Take the time off to appreciate your families as well as your good health.

5minSPX

60minSPX

Avi Gilburt is founder of ElliottWaveTrader.net.

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