Tuesday, March 12, 2019

Elliott Wave Stock Market Update - March 12

The market has staged a strong counter-rally that invalidates the previously posted short-term count and unless there is a lower low soon then the rally will continue. I still prefer to see an IHS for predictability's sake but the trend is what guides the market.

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

Short Term Trend = Bullish trend being challenged
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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