Thursday, October 5, 2017

Elliott Wave Stock Market Update - October 5

Several weeks ago I posted:

" If the labels on the count are correct, the target for the 5 count is 2560 before another significant correction. "

It's been now almost one month and today prices came within a few points of reaching the target. The SP500 has posted 8 consecutive winning sessions, the longest streak in 4 years and I won't be surprised if the madness continues given the current environment.

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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