Monday, October 23, 2017

Elliott Wave Stock Market Update - October 23

The market made another ATH earlier today before selling off the rest of the session. Still, prices did not even test the rising TA, so unless there is a big sell-off in the next session or two, the trend supports more upside in the near future. With all the talk about tax reform, the fuel is there for more upside. However, as I have been saying, the top for this bull market is coming sooner than later and is time to be prepared. Personally, I hope Trump gets the tax reform passed (that is the only thing I like about his Presidency) so I can save more of my hard earned money.

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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