Wednesday, September 28, 2016

Elliott Wave Stock Market Update - September 28

The market sold off earlier in the morning but a bottom was found at 2151 and the market managed to rally past resistance. The market is bullish but I will be more confident in continued upside once 2180 is cleared in a 5 wave count impulse.

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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