Elliott Wave Stock Market Update - June 1

The market staged a mild bounce today to test the TA and we could see a new round of selling in the next day or two if the market can not get past 2019. The next bearish wave needs to be convincing or buyers might come back again and drive the market to new all time highs again. It would be unusual for the market to  have a strong month (June is the 2nd worst month seasonally speaking) but we need to consider the possibilities.

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Short Term Trend = Bearish
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.