Tuesday, January 21, 2020

Elliott Wave Stock Market Update - January 21

The market went into a "correction" today after almost non-stop rallying in the last couple of weeks but so far it looks like a very minor correction. So nothing for bears to get excited about yet, not until the Trend Average turns red which hasn't happened since early December.

Short Term Trend = Bullish
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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