Saturday, July 1, 2017

Elliott Wave Stock Market Update - June 30

The market bounced substantially for most of the day before selling off in the last few minutes to close below the TA again.We should see selling continue next week as long as prices do not get above today's high at 2432.72. The set up could be a bearish nested 1-2, if correct, then a large sell off wave will come and make it clear there will be a substantial correction ahead. I bought back shorts I sold couple of weeks ago at 2430 and I am using the high for today as the stop.

Have a great weekend!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit

Short Term Trend = Bearish
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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