Monday, March 4, 2019

Elliott Wave Stock Market Update - March 4

The market made a higher high early morning but then went into a strong sell off that was partly reversed by the end of the day. I think is safe to say that if today's high holds then we will see lower prices in the next few sessions. A break of 2764 will send prices much lower. Given how much the market has rallied in the last 10 weeks, a stronger correction is not a surprise. What remains in doubt is whether this recent rally was just a bounce or a new leg to a new ATH after a fast correction in December.

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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