Monday, September 26, 2016

Elliott Wave Stock Market Update - September 26

The selling today invalidated the micro-5 count I was following and now we have to see if support holds again to launch another attempt at all time highs. The general bias continues to be bullish but less so than last week as we need to see another 5 count develop for the market to regain bullish momentum.

Anyway, I am going to get some pop corn and watch the debate tonight. I wonder what Trump is going to come up with tonight as I'm sure he is going to be like a pit bull on Hilary.

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

Short Term Trend = Bullish trend being challenged
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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