The rally continued today as expected and prices have already reached the IHS pattern I was hoping to trade couple of days ago. I expect a pullback once the 5 waves are completed to test the rising Trend Average and that will be a good point for me to go long. All major trends are now bullish for the first time this year, so this could be the beginning of a rally to new all time highs.
For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com
Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish