Wednesday, April 4, 2018

Elliott Wave Stock Market Update - April 4

The market sold off early morning but staged an impressive comeback to close the day firmly possitive. The close was above the TA and prices could go as high 2659 if the move continues. We should find out fairly soon if we are going to see a death cross in the market, this unusual volatility is sign a confusion and continued trade war headlines will continue to damage market sentiment.

Short Term Trend = Bearish trend being challenged
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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