Monday, July 24, 2017

Elliott Wave Stock Market Update - July 24

The correction that technically started last week has continued but so far it's been a sideways consolidation. Ideally, prices would come down to test the TA as opposed to buying time for the TA to catch up to the market. So, if prices fail to make a lower low in the next day or two, it will be enough for prices to start another leg of the rally.

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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