Sunday, September 6, 2020

Weekend Stock Market Outlook - September 06 2020

The stock market outlook remains in an uptrend, but last week's sell-off did some damage, as the ADX flipped to a downtrend.

Price and volume action remains bullish. Elliott Wave counts will work themselves out soon; last week's sell off could be the end of the 3rd wave or the 5th wave.

With prices near all time highs, an ADX cross-over, and a "mature" uptrend in Elliott Wave, it's time to review your positions (sizing and performance). Play with house money (aka your profits) where you can, cut your losses where you can't.

More commentary after the jump... Stock Market Outlook - Week of September 06 2020

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