Tuesday, July 24, 2018

Elliott Wave Stock Market Update - July 24

The market broke out of range today as I suspected it would and higher highs are likely for as long as he TA remains bullish. It is impossible to tell if we will see a deeper correction before a challenge to all-time highs but I wouldn't be surprised if we get a much stronger pullback once 2872 is challenged. This market just wants to go higher regardless of the political drama in the background.

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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