Monday, June 24, 2019

Elliott Wave Stock Market Update - June 21

The market technically went into a "correction" today and looking at the chart it seems there is more upside left. I labeled the waves completed but I wouldn't bet on it. I assume the G20 meeting this coming weekend will produce the catalyst that will set the tone for the market for the summer. I don't see China yielding structural consessions so Trump might get something else out of them and say "we won".

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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