Tuesday, October 15, 2019

Elliott Wave Stock Market Update - October 15

The market has broke through resistance at 2993 and continues to be well-positioned for a continued rally to new ATH. Maintaining lower lows above 2962 is crucial to maintaining this new uptrend, if prices were to fall below this level the bullish pattern in place will be invalidated.

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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