Tuesday, June 6, 2017

Elliott Wave Stock Market Update - June 6

Prices made a marginally lower low today but the wave structure remains the same, so there should be one more rally towards a new high and that will be the ideal spot to call the latest impulse over. Maybe bulls will manage to surprise but I don't think so.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com

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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