Thursday, October 25, 2018

Elliott Wave Stock Market Update - October 25

The market rebounded substantially today but not enough to erase losses from from yesterday's sell-off. There is enough strength for the bounce to continue and test the Trend Average but whether or not it can overcome it is another questions. If the TA is not recaptured, the selling will continue.

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

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