Friday, May 26, 2017

Elliott Wave Stock Market Update - May 26

The market went into another sideways correction today, which will allow the market to make another ATH early next week in pre-market or during regular trading hours. A new high could be a good place to short but obviously, we have to see what pattern develops. I am enjoying my longs in metals and I hope they go up even more when the market finally tops.

Have a great long weekend! I am glad summer is almost here.

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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