Monday, June 4, 2018

Elliott Wave Stock Market Update - June 4

Prices have continue to rise as expected and we should see the breakout continue in the next few sessions. It's hard to tell prices will manage to go after new ATH but we should see the 2800 level challenged this month if the pattern plays out.

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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