Wednesday, October 17, 2018

Elliott Wave Stock Market Update - October 17

The market closed flat today after a volatile day. Still, the count posted remains in place and I assume selling will start in the next session or two. If last week's low is not tested then I will change the count to reflect the next best option.

Short Term Trend = Bearish
Medium Term Trend = Bullish trend being challenged
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

No comments:

Post a Comment