Wednesday, August 30, 2017

Elliott Wave Stock Market Update - August 30

Prices have recaptured the TA and the 50 DMA and is now well positioned to start a rally towards ATH. A pullback in the next session or two could provide a good opportunity to go long, but I will see how the correction develops.

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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