Elliott Wave Stock Market Update - June 9

The market did not rally as I had been expecting and instead went into a correction to consolidate recent gains. Still, the count remains in place until a new high is made for the year or 2105 fails to hold. It would be a lot easier if a new all time high is made so I can start working on a projection for this final bullish wave from the count that started in 2009.

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. 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.