Friday, March 2, 2018

Elliott Wave Stock Market Update - March 2

The market made lower lows as expected and the 5 micro-count seems finalized at 2647. I assume the Trend Average will be tested early next week and if not recaptured, we should see another bigger sell-off later next week. Maybe Trump can tweet something over the weekend (other than Alec Baldwin) that will save the day, not.

Have a great weekend!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit

Short Term Trend = Bearish
Medium Term Trend = Bullish trend being challenged
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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