Monday, April 10, 2017

Elliott Wave Stock Market Update - April 10

Prices have continued to trade sideways but failure to gain bullish traction will likely lead to a test of 2344 or even 2322 in the next few sessions. Still, once the correction is over, we should see a rally to new all-time highs before any real selling takes place.

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

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