Friday, April 13, 2018

Elliott Wave Stock Market Update - April 13

Prices attempted to break resistance again today but gains were reversed by the end of the day. Still, the close for the week was positive and the TA is back to bullish so I assume there will be another attempt at breaking out early next week.  I think if Trump stays away from twitter or focuses on just Alec Baldwin then we'll have a rally on Monday. I haven't had the chance to go long but maybe I'll do so early this coming week.

Have a great weekend!

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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