Monday, June 11, 2018

Elliott Wave Stock Market Update - June 11

The market made a push towards the 2790-2800 resistance level as expected and a positive meeting between Trump and Kim might be the excuse to break this level tomorrow. And as I said last week, a break of 2801 will open the doors to new ATH for the market and possibly a rally towards the 3K level.

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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