Friday, September 20, 2019

Elliott Wave Stock Market Update - September 20

The market basically traded sideways this whole week but managed to come close to all-time highs on Thursday before giving up gains. Technically speaking, that high on Thursday would satisfy the count posted but I'll assume there will be more upside next week before ending the 5 count. If prices fall below 2978 then there should be a stronger pullback with 2921 as the end of the 5th wave.

Have a great weekend!

Short Term Trend = Bullish 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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