Wednesday, June 21, 2017

Elliott Wave Stock Market Update - June 21

The pullback continued today and went below the 2433.95 level I mentioned yesterday before bouncing somewhat to close the session just below the Trend Average. If there is more upside to this most recent bullish move, we should see it in the next few sessions. Otherwise. we might see prices make a bearish turn if the TA is not re-captured soon.

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

Short Term Trend = Bullish trend being challenged
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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