Thursday, September 8, 2016

Elliott Wave Stock Market Update - September 8

Prices failed to rally today and instead continued its sideways correction. We should see the start of a new bullish leg tomorrow going by short term oscillators but we also could see the correction going into next week if bulls can't make up their minds.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit

Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish

* 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.

Elliott Wave Analytics

No comments:

Post a Comment