Tuesday, July 25, 2017

Elliott Wave Stock Market Update - July 25

Prices reached another ATH today after technically going into a correction for a few days. The sideways move aligns better with a W4, so I am going to assume the previous top was part of the W3 and now the last leg of the structure is taking place. Nothing is bringing down this market, not summer, not Trump. But euphoria will eventually run its course sooner than later.

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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