Tuesday, January 17, 2017

Elliott Wave Stock Market Update - January 17

The market started the week on a down note, but the bullish set up remains in place as long as support doesn't get breached. Maybe the market is timing Obama's exit for an all time high? I wonder what the market will be at when Trump leaves. Also, I hope Trump's economic policies end up working out so the economy gains traction. But I also hope he will be banned from Twitter and stop being so offended by Saturday Night Live.. lol.

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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