The market broke 2,129 resistance and made a higher high but fell short by just couple of points of making a new all time high. Looking at the structure, we could see the start of a correction to the 50 DMA or the TA as soon as tomorrow. Also, there's a reversal pattern on the NASDAQ (which closed at another all time high today) which has been leading the rally. But again as I posted a few days ago, if W1=W5 then we get 2,142 and that would imply a short covering rally, so this might not be over just yet.
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Short Term Trend = Bullish
Medium Term Trend = Bearish trend being challenged
Long Term Trend = Bullish
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