Monday, January 29, 2018

Elliott Wave Stock Market Update - January 29

The market had one of the biggest declines of the year (believe it or not) in today's session. But as long as prices stay above the W4 low of 2824, the rally will continue towards new ATH. in fact, if prices fail to pullback substantially in the next few weeks, we could see this rally extend until April or May.

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