Saturday, July 15, 2017

Elliott Wave Stock Market Update - July 14

As expected, the market made new all-time highs and we should see several more with or without a correction in the near term. Technically speaking, prices could shoot above 2500 since the market had been in a correction for several weeks and now has a good base to rally from. Also, with earnings coming up, the excuse to rally will be there. I raised my stop to 2432 and will just ride this for as long as the TA is bullish or until I see a potential topping pattern.

Have a great 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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