Tuesday, April 25, 2017

Elliott Wave Stock Market Update - April 25

If there was any doubt yesterday the trend had turned bullish, today's follow-through action solidifies the trend change. I was expecting a pullback before more upside but momentum seems firmly behind the bulls. in fact, I wouldn't be surprised to see a new all-time high before any substantial correction at this point. The NASDAQ closed at an all-time high, so maybe that index shows where the broader market is headed for the next few weeks. I will get back in during the correction, just hope it doesn't take forever.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com

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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