Tuesday, August 14, 2018

Elliott Wave Stock Market Update - August 14

The market staged a counter-rally to test the TA but remains vulnerable to more selling in the next few sessions. I get the feeling 2796 is going to be tested in the next few sessions but we'll see.

Short Term Trend = Bearish
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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