Tuesday, September 24, 2019

Elliott Wave Stock Market Update - September 24

The top at 3021 was confirmed today with 2978 support breaking as I had been expecting. And given the reason for selling is the potential impeachment of the genius, we could be in for a long correction as this process takes time and only adds to the political chaos already in place. You would think Trump would be a little bit smarter than try to extort a foreign government for political dirt on an opponent. But then again, it is Trump who manages to outdo himself every time.

Short Term Trend = Bearish
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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