Monday, July 22, 2019

Elliott Wave Stock Market Update - July 22

The market closed slightly up today but it wasn't enough to recapture the TA so now the trend has gone bearish. What remains to be seen is how support at 2963 holds as it is crucial for this pivot to hold if the rally is to continue to higher highs.

Short Term Trend = Bearish
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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