Elliott Wave Stock Market Update - September 7

Prices went into a correction after hitting a slightly higher high in the morning and we could see a rally towards the all time high as soon as tomorrow. A strong opening could lead to the start of a multi-week bullish run. The market just needs an excuse to start this new leg.

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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.