Wednesday, April 11, 2018

Elliott Wave Stock Market Update - April 11

The market ended the day in red but the close was again over the Trend Average and this turns the trend bullish again. So unless the market makes lower lows soon, prices should go higher and eventually breakout of resistance. Also, it's worth noting the bullish daily MACD cross and this signal is more often than not right in where the market is headed for few weeks. So I am assuming 2700+ will be coming soon.

Short Term Trend = Bullish
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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