Wednesday, April 24, 2019

Elliott Wave Stock Market Update - April 24

The market finally made up its mind and mounted a challenge to all-time highs as I had been expecting. Whether or not a new high is made remains a question but given the TA, the bias remains to the upside until the TA turns bearish. Also, earnings provide the perfect excuse for a rally so don't be surprised if we see 3000 in the not too distant future.

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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