Wednesday, February 8, 2017

Elliott Wave Stock Market Update - February 8

The market made a lower low at the opening but was able to reverse losses and end the day positive. I continue to assume there will be a break-out and it could come as soon as tomorrow as long as prices do not trade below the Trend Average. The market seems to be getting used to Trump "events", so maybe prices will finally go to the next phase of the rally.

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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