Wednesday, June 13, 2018

Elliott Wave Stock Market Update - June 13

The market made a marginally higher high but could not get past the resistance band. The count is technically finished so we could now see a stronger correction unless bulls can pull one out of the hat tomorrow. Whatever the case, the TA is bullish and a successful test would point to higher highs coming.

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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