Friday, August 17, 2018

Elliott Wave Stock Market Update - August 17

The market made a higher high and with today's close, the TA goes back again to bullish. Unless there is some sort of unforeseen bearish event this weekend, we should see the rally continue to challenge and perhaps make new all-time highs next week. Bulls just won't give up!

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

No comments:

Post a Comment