Wednesday, May 3, 2017

Elliott Wave Stock Market Update - May 3

The market made a marginally lower low today for the ongoing sideways correction and I am assuming we will see a break out of range sooner than later. I can't imagine the market continue to trade like this until close of the week. The count remains the same and we should see a new ATH once the bullish side makes up its mind.

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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