Thursday, January 4, 2018

Elliott Wave Stock Market Update - January 4

Prices have reached another high and looks like it is not done yet. The market has had only 1 down month in the last 16 months, which hasn't happened in decades. It's safe to say the market is beyond overbought at this point.  But as long as the TA is green, the market will keep going 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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