Thursday, June 14, 2018

Elliott Wave Stock Market Update - June 14

The market has continued its sideways correction and it is looking like it wants to challenge resistance again before a deeper pullback. Considering the Nasdaq and the Russell have been making new all-time highs, we should see a break out in the next few sessions as long as the TA remains bullish.

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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