Stock Market Outlook entering the Week of October 15th = Uptrend
- 20/50 Day Moving Averages: Uptrend
- Price & Volume Action: Uptrend
- Objective Elliott Wave Analysis: Uptrend
Another uneventful week in the markets and the latest uptrend rolls on. After a small spike, volatility resumed its downward trend.
All the indexes remain above their 20 and 50 day moving averages.
Price and volume action remains positive; early September break-outs are holding on to their recent gains.
OEW also remains in a uptrend, citing this uptrend’s ability to grind out higher highs.
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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.