Thursday, July 25, 2019

Elliott Wave Stock Market Update - July 25

The market managed to hold support and rally to new highs yesterday. If prices are able to hold above 2996 the TA will turn bullish again and new all-time highs should be expected. It's been a long time since the TA has been whipsawed but it seems like a bullish turn is coming again.

Short Term Trend = Bearish 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

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