Wednesday, December 11, 2019

Elliott Wave Stock Market Update - December 11

The market has gone into a correction this week but it has been mostly sideways and creating an Inverse Head and Shoulder's pattern which could break out if the 3126 level holds any further correction. A break out of this pattern could send prices to the 3300 range. 

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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