Tuesday, July 17, 2018

Elliott Wave Stock Market Update - July 17

Prices made a slightly higher high and we could see prices go a bit higher before a stronger correction  to test the TA takes place. If the next pullback ends up being a shallow one, we should see all-time highs challenged later this month or sometime in August.

Short Term Trend = Bullish
Medium Term Trend = Bullish
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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