Thursday, January 24, 2019

Elliott Wave Stock Market Update - January 24

The market closed the day flat but remains bullish biased as the close was above the TA and the 50 DMA has been serving as the floor for recent selling attempts. If the made yesterday holds then we should see a rally to challenge resistance at 2675.

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

Short Term Trend = Bullish
Medium Term Trend = Bearish trend being challenged
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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