Thursday, March 16, 2017

Elliott Wave Stock Market Update - March 16

The market made a higher high in pre-market before going into correction mode for most of today's session. Still, prices are above the W1 high of 2376 and the TA has turned bullish, so I assume there will be a bullish wave coming to challenge all time highs as soon as tomorrow. I am maintaining my stop at 2376 just in case this turns out to be an ABC or a nested set up.

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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