Sorry for the late update. I've been driving for most of the day to Northern California to meet friends and just didn't have the time. A 200 DMA test looks likely given today's lower lows and I think we should see the market start rallying fairly soon or start breaking down if a bearish pattern in place plays out. I'll elaborate more on that on the next update, it's time to go to sleep.
For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com
Short Term Trend = Bearish
Medium Term Trend = Bullish
Long Term Trend = Bullish