Tuesday, February 20, 2018

Elliott Wave Stock Market Update - February 20

Prices went into a minor correction today and if the count posted is correct, we should see another wave to one more high before a significant pullback. If the TA is tested during this pullback, then the count will need to be revised.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com

Short Term Trend = Bullis
Medium Term Trend = Bullish trend being challenged
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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