Tuesday, June 21, 2016

Elliott Wave Stock Market Update - June 21

Not much to report on today's price movement. The count remains the same and I'm just looking for confirmation of a 5th wave for the micro-count or the start of another bearish leg to test the 2025 level. I sold the rest of my long positions so I am now back to waiting on another trade set up.

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

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. 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.

Elliott Wave Analytics

No comments:

Post a Comment