Thursday, August 30, 2018

Elliott Wave Stock Market Update - August 30

Prices pulled back under 2900 today in what seems like a consolidation move. If prices are able to respect support at 2893.50 then we should see prices rally again to challenge or make new all-time highs. Given the potential Canada deal in the background, we could see substantial upside ahead.

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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