Friday, February 10, 2017

Elliott Wave Stock Market Update - February 10

The break-out has continued today to new ATH. I was hoping for a correction but it looks like the 5th wave on the micro-count has extended, so maybe the coming correction will probably not go below the 2301 level. I sold too early unfortunately but it's better to be conservative (but still profitable) and get a good night's sleep than to worry about what the market will do on Monday :)

Have a great weekend!

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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