Tuesday, February 28, 2017

Elliott Wave Stock Market Update - February 28

The market corrected today as expected but it's too early to tell if this will be another mild pullback before another push higher. I can't imagine Trump saying anything tonight that would be used as an excuse to rally but then again this market already knows where it is going, so it will stop only when it wants to stop.

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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