Monday, August 27, 2018

Elliott Wave Stock Market Update - August 27

Prices closed at new all-time highs as I had been expecting and the 3000 mark is now probable in the next few weeks. Maybe 2018 will close in the 3000+ territory? An incredible number to anyone trading the market after the crash of 2009. In fact, I don't remember any forecasts (even the most bullish ones) calling for 3000 before a bear market. Crazy world we live in!

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