Wednesday, June 14, 2017

Elliott Wave Stock Market Update - June 14

Prices continued to climb today but stopped short of making a new ATH. There was increased volatility due to the announcement of interest rate hikes, but the bigger story is the potential market rollover in the next few sessions. I am assuming, the top is already in. So a substantial sell-off that breaks the low made last week would confirm it. However, if prices manage to make new ATH, then the bearish pattern will be negated. I don't see how the market could keep rallying but I have been wrong before, so we'll see.

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

Have a Great Weekend!

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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