Thursday, September 1, 2016

Elliott Wave Stock Market Update - September 1

The market continued to sell off and made a slightly lower low before bouncing back towards the end of the day. If this is a W4 correction then it should be coming to an end fairly soon since oscillators have been resetting. I am looking for signs of a bottom or a tradeable set up to go back long again.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit

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

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