Monday, January 13, 2020

Elliott Wave Stock Market Update - January 13

The market has made another ATH and looks like it will continue its rally for the next few weeks given the impulsive look of the most recent 5 wave count. It's actually incredible how much the market keeps going up. At the same time, my business is doing well which is a reflection of a strong economy so maybe that is a better indicator than our attempts to predict the market based events.

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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