Tuesday, October 31, 2017

Elliott Wave Stock Market Update - October 31

Prices closed barely positive today despite the new ATH in the Nasdaq. And with the announcement of the proposed tax reform bill coming soon, bulls could use the excuse to push the index much higher. Perhaps even break 2600 for the first time ever.

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

No comments:

Post a Comment