The market has continued to extend its bullish 3rd wave and the original target has basically been reached. I am still expecting a W4, so this wave looks like it is going higher before any substantial correction by the time it's completely done. After going up 30% in 2013 and almost 4% in 2014, the market hasn't really bothered to pull back. However, I believe a higher degree W4 correction is coming sooner rather than later, specially given the fundamental background. Summer is almost here and I'll be surprised if the bulls manage to keep it up, but as I've said before, expect the unexpected.
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Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish