Friday, October 18, 2019

Elliott Wave Stock Market Update - October 18

The market has struggled in the past couple of sessions to make a higher high and instead retreated to test the rising Trend Average. The pattern continues to be bullish but prices can not continue to pull back and go below 2962 or else the uptrend will be over.

Have a great weekend!

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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