Wednesday, August 8, 2018

Elliott Wave Stock Market Update - August 8

The market has come very close to making new all-time highs and I think there is a good possibility of a new high before the week ends given the count. A new ATH would mean prices are probably going substantially higher before the correction many have been waiting for materializes.

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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