Wednesday, January 24, 2018

Elliott Wave Stock Market Update - January 24

The market finally took a break for the rally but we might not see much of a correction before another push towards higher highs. I don't see any excuses for a serious correction other than another government shutdown possibility in a few weeks.

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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