Elliott Wave Plus
Daily Trend Report on the FANG+3 stocks for December 1, 2020
Scroll down to view today’s Trend Charts of the FANG+3 stocks (FB, AAPL, AMZN, NFLX, MSFT, GOOGL, & TSLA)
Elliott Wave Plus: The stock market was up today, but closed well off its highs. The Dow Jones Industrial Average closed up 185 points (0.63%), the S&P-500 was up 16 points (1.13%), the Nasdaq-100 (NDX) was up 187 points (1.52%), and the Russell 2000 was up 16 points (0.89%).
Within the FANG+3 group, all seven stocks were up on the day.
As a bonus today, I am including a screenshot of my main and alternate Elliott wave counts on the S&P-500 (daily candles). Notice the potential of a completed topping pattern today, an ending contracting diagonal. We may have even seen a textbook “throw-over” to end the pattern. Subscribers to our Basic Plan (and up) see these type of charts, including 240-minute versions of them twice each week on many. many items. Here are today’s educational trend-following screenshots for the FANG+3 stocks:
(click on each screenshot to enlarge)
About Elliott Wave Plus
Considering our Elliott Wave & Hurst Cycle analysis in conjunction with indicator-based market monitoring can help traders decide when to get in, get out, or stay on the sidelines. Please check out our resources page for lots of educational content.
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