Thursday, February 2, 2017

Elliott Wave Stock Market Update - February 2

The market didn't do much today and remains in the same position as yesterday. A sell-off could come as soon as tomorrow unless the recent high is taken out. Maybe Trump will say something crazy later tonight/early morning that will move the market.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit

Short Term Trend = Bullish trend being challenged
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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