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
COMMENTARY
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.
2017-03-05 US Stock Market 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.
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