Monday, June 25, 2018

Elliott Wave Stock Market Update - June 25

The market went into sell-off mode today as expected and I think this is just getting started. With new potential restrictions on China being announced and now seeing some of the consequences of these tariffs (Harley Davison moving factories to Europe to bypass tariffs), bears can easily have feast. The upside to this is that stocks will become cheaper so this will be an opportunity to get in, specially if we have people with basic common sense running the country in 2020. For now, I think it's time to start anticipating a bear market and a recession.

Short Term Trend = Bearish
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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