Weekend Stock Market Outlook

Posted on February 9, 2020 by

Stock Market Outlook entering the Week of February 9th = Downtrend

    • ADX Directional Indicators: Uptrend
    • Price & Volume Action: Mixed
    • Objective Elliott Wave Analysis: Downtrend

COMMENTARY
The stock market outlook remains in a downtrend this week because we don’t have confirmation from two signals yet. The ADX directional indicators flipped back to an uptrend. The price and volume indicator remains mixed due to elevated distribution days. OEW appears to show a subdividing downtrend, so that remains negative for now. If price passes 3350 or finds support at 3300, I expect this signal to switch.

More commentary after the jump…Stock Market Outlook – Week of Week of February 09 2020

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1 Response to Weekend Stock Market Outlook

  1. shmeiso says:
    February 9, 2020 at 3:20 pm

    Thx, nice!
    I make the switch at 3366 … 3383 or wait a week to see when China supply chain is +/- oke
    14/02: nan 4: 3215; nan 51: 3348, nan 52; 3348; nan 53: 3427
    28/02: 4Ba 3347,96; 4Bb 3294,55; 4Bc 3365,52; 4C1 3270,47 etc.
    mid march or later … more bearish.
    We will see.

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