Friday, March 9, 2018

Elliott Wave Stock Market Update - March 9

Prices broke out of range as expected and ended the session challenging the 2789 mentioned yesterday. If resistance at 2789 is broken, we should see prices rally towards all-time highs at 2872 in the next week or two. The window of opportunity for the bears was earlier in the week when Gary Cohn resigned and given how well the market has held up, looks like the market could rally all the way until April or May before any substantial selling.

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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