Friday, February 15, 2019

Elliott Wave Stock Market Update - February 15

The market closed the week at a higher high and is now just a few points from 2800. Looking at the waves, we could see a pullback in the next few sessions that would present a buying opportunity using 2681 as the stop so maybe I will be buying all SP500 next week and go with the flow. Not to say that a bear market won't be coming, is just not coming yet.

Have a great weekend!

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

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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