Monday, June 17, 2019

Elliott Wave Stock Market Update - June 17

The market again traded sideways today and I assume prices will break out of range in the next day or two. If prices do break resistance, we could see a challenge to ATH as soon as this or next week.

Short Term Trend = Bullish
Medium Term Trend = Bullish trend being challenged
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

No comments:

Post a Comment