Monday, May 21, 2018

Elliott Wave Stock Market Update - May 21

Prices climbed higher today but still feel short of making a higher to complete the 5th wave on the chart. There is a chance of a failed 5th if we don't see a higher highs tomorrow. I can't image the market going sideways again without breaking our or breaking down.

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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