Thursday, January 25, 2018

Elliott Wave Stock Market Update - January 25

Prices continued to consolidate today in what might end up being a triangle pattern, which is typical of a W4. If that is the case, we should see a break out of the triangle in the next session or two towards a new ATH.

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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