Friday, September 6, 2019

Elliott Wave Stock Market Update - September 6

The market broke out as expected and trade over 3000 looks likely as soon as next week. Market is in a "good mood" but I don't think there is anything supporting it other than optimism at this point. So higher prices are likely but they will be reversed at some point.

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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