Friday, September 23, 2016

Elliott Wave Stock Market Update - September 23

The market corrected as expected on what should be a micro W4 and we should see a higher high earlier next week to complete the 5 count from the 2119 low. If W5 ends up being the same length as W1, we will see the all time high challenged before another correction takes place.

I am looking forward to the Trump-Clinton debate on Monday. I won't be voting for either of them as I don't like them. But Trump might just pull ahead on Monday if he can get to Clinton, he is good at finding weaknesses and at bullying so this will be his stage. It's going to be an entertaining debate for sure.

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

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.

Elliott Wave Analytics

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