The potential sub-division of the micro-5th wave I was looking for yesterday was voided with today's gap down opening. I was hoping the market would go down in a correction to test the Trend Average but instead the TA has caught up with the market and longer term oscillator have been resetting. I am not sure if we will see a bigger pullback next week or if the market is done with its "correction" but the bias is bullish and higher highs should come in the next week or two. Also, the bad jobs reports this morning serves as an excuse to freeze rate rises by the Feds which in turn adds to the bullish momentum in the market.
Have a great weekend!
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Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish