Tuesday, December 27, 2016

Elliott Wave Stock Market Update - December 27

Prices started out in bullish mode but found resistance near the all time high. Going by the micro-count, we could see another wave tomorrow that would challenge or make an new all time high. The NASDAQ hit an ATH today so maybe all other indexes will follow soon. I am keeping my positions in hopes they will finally break out.

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 = 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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