Wednesday, July 25, 2018

Elliott Wave Stock Market Update - July 25

The market has continued to make higher highs and it is now within reach of a new ATH. I know Facebook is selling off after hours but if Trump's politics hasn't brought down the market (yet) then I doubt tech will stop the market from challenging its ATH. Once that level is reached we could see a big correction but for now I assume new highs as long as the TA supports it.

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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