Wednesday, April 10, 2019

Elliott Wave Stock Market Update - April 10

The market has been in a sideways correction since reaching a higher high at 2895 on Monday and we could see another rally attempt soon to get past the 2900 level and then challenge all-time highs. The current market expansion in the US is just 2 months shy of the longest expansion in history and it seems like the economy will keep on growing if trade issues are resolved and interest rates remain the same. It seems this is what the market is predicting.

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 = Bullish

* 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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