Monday, May 15, 2017

Elliott Wave Stock Market Update - May 15

The market managed to make a new ATH today after looking weak for the past few sessions. The uptrend continues to stand but prices must breakout soon out of range or risk a significant correction in the next few weeks.  I don't see anything moving the market up substantially in the next few months but we'll see.

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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