Friday, December 27, 2019

Elliott Wave Stock Market Update - December 27

The market has continued to rally and make new highs as expected and I get the feeling next week will be about the same. Maybe a session or two for consolidation but new all-time highs are likely to continue until January. The market is getting ready to close the decade strong!! The odd thing about this whole decade is that we never saw a real bear market, much less anything that resembled a "crash" many had anticipated at the end of 2009. Remember those days?? 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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