Wednesday, December 21, 2016

Elliott Wave Stock Market Update - December 21

The market continues to buy time with today's session and I think oscillators have reset enough for a new rally in the next few sessions. The door is still open to some more downside to test support but it looks like bears have gone vacation already. To me, the question is not whether or not prices will go up but how much.

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

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