Elliott Wave Stock Market Update - July 25

Prices failed to make a higher high today but there was a new all time high in pre-market trading and unless there is a lower low tomorrow, new all time highs are about to come. Once we get a substantial move higher then perhaps we will finally see a stronger sell off to test 2134 or 2159 if the top ends up much higher. I am going to go long right after this post in after-hours and use 2159 as my stop.


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.