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What Would Elliott Say 8/31/20

This is just too weird.

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Daily

Can you say relentless?

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I have no 5 day or 2-3 day cycle projections due to insufficient fluctuation. Trend support rises from 3500 to 3508 between now and the end of NY trading.  Downtrending intraday resistance drops from 3517 now, to 3510 at 1 PM.

30 minute bars

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You can follow more of my intraday snark at the Stool Pigeons Wire. Register there and join in!

Meanwhile, get cycle projections from 2 weeks to 2 years, along with key support and resistance trends and levels, and long and short stock trading ideas at Lee Adler’s Technical Trader. Here’s the latest report.

The Genius Move Was Following the Crowd

Following the crowd would have made you the most money. But now what?

Technical Trader subscribers, click here to download the report.

Not a subscriber? Try Lee Adler’s Technical Trader risk free for 90 days!  

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