Tuesday, October 3, 2017

Elliott Wave Stock Market Update - October 3

Another day, another all-time high. What really stands out for me today is that a new high was made despite the 30 min oscillator that I use going bearish. It is highly unusual for the market to go against this oscillator and it just highlights the strength of the current bullish momentum. But once the target is reached, we'll see the correction to the TA.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com

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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