Monday, December 23, 2019

Elliott Wave Stock Market Update - December 23

The market has made another new ATH as expected and it looks like the rally will continue for the remainder of the year. We should be getting a stronger pullback soon to consolidate gains but given the season of the year I won't be surprised for continuous upside for the rest of the year. Amazing the decade is coming to a close! It's been a good 10 years despite the initial gloom of the decade after the Great Recession. Who could have guessed this outcome back in those days?

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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