Tuesday, July 18, 2017

Elliott Wave Stock Market Update - July 18

The market seems to have found a bottom for its W4 and we should see a new all-time high as soon as tomorrow. The could still be another bearish wave left in the W4 but I favor a new bullish leg tomorrow to complete the W5. I might lock in some profits tomorrow but we'll see.

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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