Saturday, June 3, 2017

Elliott Wave Stock Market Update - June 2

I didn't get a chance to post on Friday because I was all day at Legoland but here it is. Basically, prices have continued to rally towards new highs and the micro-count looks mostly done. If we see one more high on Monday, it could be a top for a while given the overall count. I think the market is sucking in people who probably forgot or did not get to see the last bear markets, so it will be interesting once we actually see a significant correction. I've seen 2 "real" bear markets in my lifetime and I remember well how everything seemed perfectly fine, like it is right now.

Have a good weekend!

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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