Monday, August 6, 2018

Elliott Wave Stock Market Update - August 6

Prices have made a higher high as anticipated and the next target is a new all-time high. I would have never predicted a new high in the middle of this summer earlier this year but here we are. This is why is so important to go with the trend. It will take a bearish miracle to stop the market from making highs.

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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