Thursday, September 20, 2018

Elliott Wave Stock Market Update - September 20






















The market rallied towards a new all-time high as expected and the possibility of 3000 looks probable. It seems not long ago the index had crossed 2000, a level that was unthinkable back when the bull market started but 3000 probably exceeds even the most optimistic of all predictions made earlier in the decade. I wonder if we will ever see the markets quadruple in 8 years ever again in our lifetimes.

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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