Friday, July 19, 2019

Elliott Wave Stock Market Update - July 19

The market closed the week down -1.23%. Most of the gains from yesterday bounce were erased today and continued weakness will turn the TA bearish. But as I said on my last post, as long as 2963 is not breached the pattern points to higher highs.

Have a great weekend!

Short Term Trend = Bullish trend being challenged
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

No comments:

Post a Comment