Stock Market Outlook entering the Week of October 6th = Uptrend
- ADX Directional Indicators: Downtrend
- Price & Volume Action: Mixed
- Objective Elliott Wave Analysis: Uptrend*
After deluge of data and a volatile week of trading, the stock market outlook is in an uptrend, with an asterisk.
The ADX continues to show a bearish trend. Price and Volume shows high-levels of institutional selling. But prices are above the 50-day as of this weekend, so the signal is mixed. OEW is still showing an uptrend.
*OEW update not posted at the time of this update
More commentary after the jump…Stock Market Outlook – Week of October 06 2019