Thursday, June 25, 2015

Elliott Wave Stock Market Update - June 25

The market has completed a bearish 5 wave count today and we should see an attempt to rally as soon as tomorrow. Whether there is a counter-rally or an impulsive rally to new all time highs remains to be seen. Also, the markets closed under the TA and the 50 DMA today but I continue to expect to a challenge to all time highs after the correction is over.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit

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

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