Monday, March 12, 2018

Elliott Wave Stock Market Update - March 10

Prices made a higher high today before going into what seems like a W4. I assume prices will go above 2800 before the count completes and then continue higher until a challenge to all-time highs. It's hard to predict when the rally will be over but this is lining up well for a sell in May event. Perhaps, we will see a fast sell-off again at that time but without the bounce.

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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