Monday, October 1, 2018

Elliott Wave Stock Market Update - October 1

The market had a strong opening today after news of a new trade pact with Canada had been reached but a bulk of the gains were given up at the end of the day. The trend continues to support more upside but the pattern looks bearish and we should find out if substantial selling is coming in the next day or two.

Short Term Trend = Bullish trend being challenged
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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