Thursday, October 6, 2016

Elliott Wave Stock Market Update - October 6

The market experienced some selling early in the morning only to rally back and end the day flat. Continued sideways trading should be expected until a clean break out/break down occurs. Until then, I will be waiting on the sidelines to avoid any surprises.

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

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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