Tuesday, September 20, 2016

Elliott Wave Stock Market Update - September 20

The market has been stuck in a sideways range for more than a week but should see a break out or break down in the next few sessions. If bears are able to gain momentum, we might see strong selling that will take the market down to 2085. However, if the Trend Average is recaptured then there is a good chance the bottom is in place.

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

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