Friday, May 18, 2018

Elliott Wave Stock Market Update - May 18

The market ended slightly down but the count continues to be in play. It seems like the market is waiting for the outcome of the US-China trade talks. Trump was downplaying expectations yesterday but then he was "hopeful" so who knows what that will come down to. The only predictable thing about Trump is his unpredictability. I am staying long over the weekend so we'll see.

Have a great weekend!

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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