Friday, July 20, 2018

Elliott Wave Stock Market Update - July 20

Prices traded sideways today despite the news that Trump wants to tax all imports from China (except his MAGA hats and his daughter's clothes line). The market seems to be consolidating and ready to push higher before a stronger pullback. Seems like the only thing bringing down this market is a recession as Trump's behavior has provided plenty of excuses for a correction.

Have a great weekend!

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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