Thursday, December 27, 2018

Elliott Wave Stock Market Update - December 27

Volatility was substantial today and wild moves could continue in the next few sessions. The TA is being tested and should prices overcome this level then the bounce has a chance of gaining traction to move towards a challenge of the downtrending 50 DMA currently at 2673.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit

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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