Monday, May 1, 2017

Elliott Wave Stock Market Update - May 1

Prices have continued to trade within the same range as the last few sessions. I still assume the count posted is correct and a new all-time high will be made before we see a correction to the Trend Average. The NASDAQ reached a new high again today and we could see a very bullish period for all indexes if resistance is cleared.

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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