Monday, July 15, 2019

Elliott Wave Stock Market Update - July 15

The market made another high earlier in the morning as expected but not by much. We need to see a bit more consolidation or a pullback for another stronger rally to come. With the China trade talks starting again this week, the market will have an excuse to keep pushing higher.

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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