The market has rallied as expected towards the Trend Average and I am expecting a test as soon as tomorrow. The real challenge for bulls will be the 1950-1955 area, if they can clear resistance then they increase their chances of reversing the ongoing downtrend. Still, I'd like to see another low before the start (or continuation) of the bull market. Looking at the fundamental picture, there is nothing out there that points to anything more serious than a correction at this point.
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Short Term Trend = Bearish
Medium Term Trend = Bearish
Long Term Trend = Bearish