Monday, September 16, 2019

Elliott Wave Stock Market Update - September 16

The market went into a minor correction today despite a somewhat major event over the weekend (Saudi Arabia's daily production getting blown in half) so the count continues to point to more upside after this correction is over. The only way this count or pattern would be invalidated is if support at 2957 is breached during a continued pullback.

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

No comments:

Post a Comment