Thursday, September 13, 2018

Elliott Wave Stock Market Update - September 13

Prices were able to close above 2900 today and challenge the downtrending TA but the bearish response remains to be seen. If we see a sell off that breaks last wee's low at 2864 then we will see substantially lower lows. But if we get just a correction that respects support levels then we should see the rally continue and eventually all-time highs.

Short Term Trend = Bearish trend being challenged
Medium Term Trend = Bullish
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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