Elliott Wave Stock Market Update - April 20

The market bounced today as expected but until 2011.91 gets taken out, today's wave remains a counter-rally. I haven't tried labeling the intermediate waves to avoid confusion as the market continues to be in what seems like a triangle. But we should see a decisive move either way sooner than later. I am maintaining my position unless there are clear signs the market wants to break out of range.

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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.