Wednesday, October 23, 2019

Elliott Wave Stock Market Update - October 23

Prices have made a higher high at 3014 but so far there wasn't been a stronger break out I had been expecting. The trend remains bullish so we could see a rally towards ATH in the next session or two if recent lows hold.

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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