Wednesday, September 4, 2019

Elliott Wave Stock Market Update - September 4

The market started the week in a negative note but today's bullish action and close creates a bottoming pattern that could lead to a break out as soon as tomorrow. As long as recent lows are respected, we could see prices rally towards new ATH in the short term. The China trade talks are back on track but again I doubt they will yield any substantial results.

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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