Thursday, March 3, 2016
Elliott Wave Stock Market Update - March 3
The rally continues and we could see a strong advance as soon as tomorrow. I'm assuming the market will take a break soon but the general bias continues to be on the bullish side. In fact, there is a fair chance of the long term trend reversing to the bullish side by the end of this month or some time in April.
For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com
Short Term Trend = Bullish
Medium Term Trend = Bearish trend being challenged
Long Term Trend = Bearish
* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking into consideration other factors.