Thursday, July 26, 2018

Elliott Wave Stock Market Update - July 26

The market went into a minor correction today despite a sell-off in tech. Technically speaking, the market could have topped in the meantime but if the correction ends up being a shallow one then prices will challenge ATH in the next few sessions.

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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