Stock Market Outlook entering the Week of March 5th = Uptrend
- 20/50 Day Moving Averages: Uptrend
- Price & Volume Action: Uptrend
- Objective Elliott Wave Analysis: Uptrend
Nothing from last week suggests a change in market outlook. Even the notion of a rate hike in March was taken in stride by the US markets.
All the indexes remain above their respective 20 and 50 day moving averages.
Price and volume action continues to be positive and the OEW uptrend signal remains in place.
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You can check out how well (or poorly) the outlook has tracked the market using past performance estimates:
For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro. Charts provided courtesy of stockcharts.com.