Wednesday, August 29, 2018

Elliott Wave Stock Market Update - August 29

Prices have continued to rise to new highs as expected and it seems the market is nowhere near done yet. With Canada trying to get a deal done before Friday, we could see a positive outcome on those negotiation as a reason for a bigger rally. This market is unstoppable for now.

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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