Elliott Wave Stock Market Update - September 3

The market seems to be following the count posted but there needs to be a stronger bullish wave in the next session or two to confirm. Perhaps the jobs report tomorrow will serve as a catalyst to move the market. A strong jobs report will increase the likelihood of a rate hike, while a weaker one will give bulls some hope.

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Short Term Trend = Bearish trend being challenged
Medium Term Trend = Bearish

Long Term Trend = Bearish

* 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 into consideration other factors.