Friday, February 17, 2017

Elliott Wave Stock Market Update - February 17

The market closed at another all-time high today and it is well positioned to rally early next week to a higher high. Going by wave symmetry, a rally towards 2370 looks ideal. I am glad I closed my shorts yesterday and I will buy back the position hopefully sometime next week.

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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