Thursday, January 2, 2020

Elliott Wave Stock Market Update - January 2

Happy New Year!

The market is starting the decade with an all-time high and prices seem to be following the count posted so we might see higher highs before a correction period to digest the strong gains from the last few weeks. We have been waiting for a bear market for so long that I don't want to even try to predict the top of this rally with Elliott Wave. I am certain that there will be 5 waves in the end, the problem is pin pointing when and I think it is more profitable to just invest according to the trend than trying to time.

Anyway, hope 2020 will bring health, happiness and prosperity to all!

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

No comments:

Post a Comment