Wednesday, June 5, 2019

Elliott Wave Stock Market Update - June 5

The market had another good day today and the close was well above the TA. It's hard to tell of the TA will turn positive during this counter-rally but I continue to assume selling will resume after the bounce is over.

Short Term Trend = Bearish
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

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