Tuesday, May 22, 2018

Elliott Wave Stock Market Update - May 22

The market made a higher high to technically finalize the count posted. Whether or not there is more upside remains to be seen but if we see a Trend Average test then probably we will see more of a corrective period before another substantial rally. The worst season for stocks is coming up so it will be interesting to see the market holding up during this time.

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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