Friday, October 20, 2017

Elliott Wave Stock Market Update - October 20

The market bounce today was stronger than anticipated and prices closed at a new ATH yet again. The topping pattern remains a possibility but only if prices come down early next week to test the low made yesterday. If prices only manage a Fib retrace, then this will set the market for a continued rally for the next few weeks.

Have a great weekend!

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

No comments:

Post a Comment