Stock Market Outlook entering the Week of September 29th = Uptrend
- ADX Directional Indicators: Downtrend
- Price & Volume Action: Mixed
- Objective Elliott Wave Analysis: Uptrend*
Liquidity and impeachment and trade wars, oh my. There’s been no shortage of headline risk over the past few weeks and macroeconomic data continues to weaken.
The stock market outlook remains in an uptrend, albeit a weakening one. A break below the 50-day is all it would take for a trend change.
More commentary after the jump…Stock Market Outlook – Week of September 29 2019