Weekend Stock Market Outlook
Stock Market Outlook For The Week of
December 29th = Uptrend
ADX Directional Indicators: Uptrend
Price & Volume Action: Uptrend
Objective Elliott Wave Analysis: Uptrend
The stock market outlook remains in an uptrend.
2019-12-29 - SPX Trendline Analysis - Daily
Price looks a bit extended; eerily similar to the start of 2018. So it wouldn't be surprising if the S&P encountered some kind of sell-off soon.
2019-12-29 - SPX Trendline Analysis - Weekly
Best to your week and Happy New Year!
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Charts provided courtesy of stockcharts.com.
If you're interested in learning more about the relationship between price and volume, or how to find and trade the best stocks for your growth strategy, check out this book on Amazon via the following affiliate link: How to Make Money in Stocks: A Winning System in Good Times and Bad. It's one of my favorites.
For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro.
Once a year, I review the market outlook signals as if they were a mechanical trading system, while pointing out issues and making adjustments. The goal is to give you to give you an example of how to analyze and continuously improve your own systems.
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