Tuesday, September 19, 2017

Elliott Wave Stock Market Update - September 19

Prices bounced back to towards ATH resistance and looks positioned to keep pushing higher as soon as tomorrow. We could even see a melt up given the current euphoric environment. But there are risks in the background that could be used as excuses to sell off as well such as rocket man Kim, Trump and even Maria. So I am looking to go long but ready to jump ship at the first sign of trouble.

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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