Friday, October 25, 2019

Elliott Wave Stock Market Update - October 25

The market finally challenged ATH today at 3027 as expected and could make new highs next week if recent lows continue to hold. The negotiation of "phase 1" in the China trade deal sounds like it is coming to a conclusion and strong earnings from some companies could keep pushing the market higher. At the same time, the impeachment could lead to a sell off down the line as it is likely the genius will be impeached at the House. I am looking forward to the day of normal politics with normal politicians!

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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