Thursday, June 22, 2017

Elliott Wave Stock Market Update - June 22

The market attempted tried to counter-rally today after couple of days of selling but ended the day flat. The close today is again below the TA but was not bearish enough to make a trend change. However, if prices struggle again tomorrow, then we should see the market start to rollover as the trend will go negative. I might try to short again if I see signs of weakness again.

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

No comments:

Post a Comment