Monday, December 11, 2017

Elliott Wave Stock Market Update - December 11

The market has continued to rally and a challenge to ATH could take place in the next session or two. Seasonality favors new highs until January, but again, the market hasn't been this overbought in years. In fact, by some measures, it is currently more overbought than at the peak of the 2007 bull market.

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