Tuesday, February 11, 2020

Elliott Wave Stock Market Update - February 11

The market has followed the count posted and reached a new all-time high again today. Assuming, this was the 5th wave peaking and not the 3rd, we should see a bigger pullback in the next day or two. If the correction ends up being flat or within a small range then the count is like to extend. Maybe the market will use a Bernie in NH win as an excuse to sell off!!

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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