Thursday, March 8, 2018

Elliott Wave Stock Market Update - March 8

The market closed higher today but remains in the resistance zone. If the bias correct, we could see a breakout as soon as tomorrow or Monday. The next bullish target would be the 2789 high made couple of weeks ago if the market is able to start maintain closes above the 50 DMA at 2739.

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

Short Term Trend = Bullish
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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