Wednesday, December 18, 2019

Elliott Wave Stock Market Update - December 18

The market has gone into a side correction in what looks like a W4 for the count posted. If correct, we should see the rally resumed fairly soon to new all-time highs. Maybe Trump getting impeached will the excuse for a big rally! Funny how the GOP has been claiming the impeachment of Trump is not fair when they impeached Bill Clinton for having an extra-marital affair. Let's see what is more serious. Monika Lewinsky or inviting (by way of extortion) a foreign government into the American political process.. lol
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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