Thursday, December 14, 2017

Elliott Wave Stock Market Update - December 14

The market pullback today to test the Trend Average and unless the trend changes, this is just another mild correction before another rally to new all-time highs. At this rate, we might see 2800 in January but a bear market is on the horizon and I won't be surprised to see signs of it after the bullish season is over.

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