Tuesday, February 12, 2019

Elliott Wave Stock Market Update - February 12

The market has erased all recent losses and seems to be headed towards a recovery of the bearish long-term trend. Higher highs and and respecting the 2681 low would confirm a possible bullish Wave 3 coming up. I thought we would be seeing clear signs of a bear market by now but the trend is telling us otherwise so no reason to fight it.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com

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

* 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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