Monday, May 14, 2018

Elliott Wave Stock Market Update - May 14

The market seems to be following the count posted and we should a higher high to complete the 5th wave before a pullback. I ended buying some shares that I will probably sell tomorrow or Wed so hopefully we'll see the market rally to resistance. Maybe the summit with Kim J and working out trade deals with China will fuel the market for now.

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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