Weekend Stock Market Outlook

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 chart for $INDU,$NYA,$SPX,$USD,$COMPQ,$CRB,$RUT,$GOLD

2017-10-15 – US Stock Market 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.

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