Monday, October 16, 2017

Elliott Wave Stock Market Update - October 16

The market made another ATH, this time just 1 point shy of the 2560 target mentioned last month. The price pattern continues to point to a rising wedge, so perhaps we will see another marginally higher high and then a stronger correction.

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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