Monday, December 31, 2018

Elliott Wave Stock Market Update - December 31

The market ended the day on a positive note but was down substantially for December and for the year, a rare down year since the financial crisis. People have been so used to seeing everything go up that some have seem to forgotten that assets can go down too. I am sure 2019 will be interesting and hopefully it will provide us plenty of opportunities regardless of whether your are a bear or a bull.

Happy New Year!

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

Short Term Trend = Bearish trend being challenged
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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