Monday, July 17, 2017

Elliott Wave Stock Market Update - July 17

Prices took a break today in what looks like part of a W4 and my assumption is there is another leg to another all-time high in the next few sessions. I am staying put on my long position and might sell only after all the waves are in, which could take a while.

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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