Monday, January 8, 2018

Elliott Wave Stock Market Update - January 8

The market managed to make another ATH despite its short-term MACD oscillator going negative, which is extremely rare and a signal of manic buying. So, I am expecting the rally to keep going until it finally hits exhaustion.

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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