Friday, May 19, 2017

Elliott Wave Stock Market Update - May 19

The market counter-rally continued today and managed to test the TA at 2389 before giving up some of its gains. I'd be surprised if the market is able to close the sell-off gap early next week before heading back down but we'll see. I am holding to my gold and silver despite the gains today as I think  they will go up even more once the market unravels.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit

Have a great weekend!

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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