Thursday, July 11, 2019

Elliott Wave Stock Market Update - July 11

The market has closed at an all-time high as expected and continued upside is likely if recent lows hold any pullbacks. Maybe we will see 4000 in the not too distant future!! We are now in the longest economic expansion ever so this could turn out to be a "W3" of economic expansions.

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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