Wednesday, January 18, 2017

Elliott Wave Stock Market Update - January 18

The market hasn't really done much but wait in the last few sessions. But since Obama's last full day in office is tomorrow, I will not be surprised if prices rise to a new all-time high. The real question now is what happens now that Trump is sworn in. Tariffs and trade wars will definitely bad for the economy in the long run, that to me is a given. So we'll see how Trump will handle all the populist policies he campaigned on.

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

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