Tuesday, December 11, 2018

Elliott Wave Stock Market Update - December 11

Prices went again on a rollercoaster ride today but gapping up in the morning before giving up all agains at the end of the day. There is a possible bottoming pattern in place if the 2583 low holds any further selling. However, any bottoms at this point are probably temporary considering the market will probably continue to head down in the longer term.

Short Term Trend = Bearish
Medium Term Trend = Bearish
Long Term Trend = Bearish

* 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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