Thursday, August 31, 2017

Elliott Wave Stock Market Update - August 31

Prices have continued to rise and now there is a bullish cross on the daily MACD, which favors a challenge to all time highs in the near future unless reversed. We should see a pullback soon but it might end up a sideways move given how much bullish momentum the market is carrying. I think we can safely say the most recent correction is now over.

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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