Wednesday, September 11, 2019

Elliott Wave Stock Market Update - September 11

I remember 09/11/01 like it was yesterday. It's a sad day for America and I hope this date never fades in our memories so this never happens again.

Now, on the market, prices have continued higher as expected after the initial stages of the break out mentioned on my last post. A challenge to all-time highs on this bullish leg is possible as soon as this week so we'll see if the market can get there by Friday. I ended buying the breakout for a short term trade on my margin. Couldn't resist the set up!

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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