Monday, December 30, 2019

Elliott Wave Stock Market Update - December 30

The market finally took a break in what seems like a possible W4 of a 5 wave count still in play. We could continue to see more downside tomorrow for this correction but ideally, we would see a last bullish wave materialize and close the year at an all-time high. Which I don't ever remember seeing.

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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