Monday, September 21, 2020

Elliott Wave Stock Market Update - September 21st


I meant to update the site last night but I forgot. This is what I added to EWA over the weekend;

"The market closed the week down -0.64% but support at 3310 was breached on Friday and this opens the possibility of strong selling in the next few sessions. If prices fall below 3310, the next level of significant support is 3100."

Today, the market experienced substantial selling, and anything short of a strong rebound to the 3400's sets up the market for a continued strong sell-off. 

Short Term Trend = Bearish

Medium Term Trend = Bullish

Long Term Trend = Bullish

For detailed wave analysis visit

* Trends are not trading signals. Trends are posted for situational awareness only and do 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 into consideration other factors

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