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How Are YOU Enduring the Market's Gyrations? A Bottle of Bourbon? How About an Ounce of Preparation?

See what helped a small minority of investors to stay ahead of the market's turn from the October sell-off to November rally

by Nico Isaac
Updated: November 05, 2020

How are you feeling? According to a November 4 Bloomberg article titled "'Scrap That': Traders Lose the Plot in Night of 1,000 Twists," some readers are nursing hangovers.

The article captures the last 48 hours in the lives of money managers, traders, and investors across the globe who spent the evening of November 3 trying to cope with the uncertainty surrounding the U.S. presidential election.

Among those cited in the article were Wall Street-based strategists engaged in frantic, back-and-forth text exchanges, "staring at futures," "watching financial TV," and numbing their anxiety with "bottles of bourbon" and a steady tap of coffee.

The source of their stress isn't so much who wins, but how long and hard this battle for the White House will go on. And the question of what the whipsawing electoral map will do to stock prices and their clients' portfolios along the way.

Here's a sober thought: The future of stock prices doesn't depend on the election. It depends on the psychology of investors, which cuts its own, independent path directly on the market's price chart in the form of Elliott wave patterns. And we can show them to you.

On November 2, Elliott wave patterns predicted an important market turn -- from hard down to hard up.

At 9:59 AM that day, our U.S. Stocks Intraday Pro Service s identified for subscribers a completed corrective pattern on the DJIA's chart shown below, and advised bulls to keep their eye on the 26,869 price level. If the market went above it, it would be a bullish sign, we said:

"The Dow is the only index that has taken out the late Sept low. This is the action that typically occurs to complete a corrective flat... For now the count shown is expecting overall higher."

11220SPSdow

From there, prices took off to the upside -- as pictured below (data shown through November 4 -- the market added even more rally on November 5):

11420Dow

Make no mistake: The election gyrations will continue to pull the political front lines every which way to Sunday -- and, frankly, we all may need a drink or two before it's all said and done.

But there is no wait required to know which way U.S. stocks will likely be headed in the hours, days and weeks ahead. Our U.S. Stocks Intraday Pro Service is preparing subscribers as we speak.

So, subscribe to it now -- and get instant access to action-oriented charts, analysis, and special videos that identify high-confidence setups in the Dow, S&P, Nasdaq, and more.

4 ways EWI's Stocks Pro Service lets you trade with more confidence

We're by your side -- every hour of every trading day.

1. You Get Timely Forecasts Throughout the Trading Session

Your Stocks Pro Service subscription puts an expert in your corner. His goal is to make sure that day-by-day, hour-by-hour, you have the very latest Elliott wave forecasts for the U.S. markets – from pre-open through close. This intensive coverage includes the big 3 U.S. stock indexes, popular ETFs -- and on occasion, individual stocks.

Markets covered: DJIA, S&P 500, Nasdaq, ETFs, individual stocks and more

2. You’re Ready for the Day’s Action with Pre-Open Overviews and Daily Wrap-Up Videos

Every morning before the U.S. markets open, you get a concise overview of what we expect in the hours ahead. You’re prepared before the opening bell with the key price levels and targets you need to know. After the close, editor Robert Kelley records a Wrap-Up Video that walks you through the day’s price action and then shows you how it fits into the Elliott wave picture.

Seeing and hearing Robert’s thought process helps you to go beyond the wave count -- so you gain a deeper understanding of each wave’s character and the underlying sentiment.

3. Supporting Technicals Round Out a Complete Picture

Updates throughout the week on market sentiment, technical indicators and correlated markets bolster the outlook and help you act with conviction. When all supporting tools give the same message, confidence is high. If the messages don’t line up, it’s time to be cautious.

4. You Become Part of an Exclusive Community of Savvy Elliott Wave Traders

We're on your side and working for you. If you have a question about the Wave Principle or our analysis, just send us an email. A team member will get back to you. If it makes sense for the answer to be shared with your Pro Service peers, we'll do so (confidentially, of course). If you're having a hard time grasping an Elliott wave concept, our Educational Consultant will find the best resource for you and send it along. We know that we're successful when you are successful. We do everything in our power to make sure that happens.



See for Yourself How Elliott Waves Help You Trade with More Confidence

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