Tuesday, September 12, 2017

Elliott Wave Stock Market Update - September 12

The market made another ATH today and we should see higher highs until the count completes and goes for a test of the Trend Average. Since this current intermediate wave could be a W3, we could see a very bullish period in the next few weeks. I haven't positioned myself yet on a trade but I will do so on the pullback.

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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