Wednesday, May 23, 2018

Elliott Wave Stock Market Update - May 23

The market had a bearish start today but was able to erase losses and end the day in black. If the market continues the count posted, we should see further downside or sideways trading before another bullish wave to higher highs.

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

No comments:

Post a Comment