Wednesday, May 27, 2020

Elliott Wave Stock Market Update - May 27

The market is breaking out of the IHS neckline and looks like we are going to see a continued rally. Absolutely insane if you think about it but that's what the market is doing as there are enough people out there buying stocks like it's 2019!! Prices will continue to make higher highs as long as the TA is bullish.

Short Term Trend = Bullish
Medium Term Trend = Bearish
Long Term Trend = Bearish

* 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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