Tuesday, September 18, 2018

Elliott Wave Stock Market Update - September 18






















Prices rallied today and came within a few points of all-time highs. Apparently, the markets don't feel the trade war with China is "as bad" so I guess that's enough for bulls to keep charging. This mindset will probably drive prices up past the 3000 mark in the not-too-distant future. However, once reality sets in then it will be interesting to see how the markets will react.

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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