Friday, August 3, 2018

Elliott Wave Stock Market Update - August 3

Prices have continued to rally to higher highs and the Trend Average has been whipsawed, which hasn't happened in over a year. So I assume prices will be challenging the recent high at 2848 sometime next week and the ATH in the next few weeks.

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