Thursday, June 28, 2018

Elliott Wave Stock Market Update - June 28

The market made a slightly lower low today but managed to stage a counter-rally. Still, I doubt the TA will be tested on this one but we'll see. Trump is softening his tone on China so that helps the market temporarily but the damage has already been done. The question is whether we will finally see a death cross in the next few months.

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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