Tuesday, May 28, 2019

Elliott Wave Stock Market Update - May 28

The market came really close to breaking 2801 support today and I think there is a high chance prices will go much lower soon. I thought maybe there was enough for one more rally but there is no reason for traders to jump in at this point so I guess we'll see just how strong the summer correction will be. Sell in May and go away!

Short Term Trend = Bearish
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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