Monday, April 29, 2019

Elliott Wave Stock Market Update - April 29

The market has made a new all-time high at 2949 as anticipated and if the current wave is part of a W3 then much higher prices are coming. The crucial support for this current uptrend is 2891, any pullback going below this level will invalidate the uptrend. We'll see if there is enough momentum to reach 3000 in the next few days.

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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