Wednesday, December 19, 2018

Elliott Wave Stock Market Update - December 19

The market has continue to sell off and a new low at 2488 was made. This break of support could turn into very strong selling in the near future. Technically speaking, there isn't much support at these levels so prices could easily go to 2200-2300's in a matter of days. No Santa this year.

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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