Elliott Wave Stock Market Update - May 15

Another new closing all time high was made today and we might see an attempt to break out of range next week. We might see a small correction after the structure is complete but if the market follows the count, then substantially higher highs are coming. The weak dollar and oil has helped the market keep its bullish bias, but the question is for how much longer.

Have a great weekend!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


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.