Wednesday, September 20, 2017

Elliott Wave Stock Market Update - September 20

The market dropped earlier in the morning but it was not to invalidate the bullish set up in place. So unless prices come down and break support, we will see another rally to higher highs. The announcement today by the Feds is significant and this helps them prepare better for the next recession. No one knows when it's coming but this current economic expansion is already the second longest lasting on record and soon to be the longest. So odds are favoring a downturn in the not too distant future.

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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