Hope everyone had a good holiday weekend. The market completed the count I was following in pre-market hours and today we saw the expected correction. Arguably, this current pullback could still be a micro-w4 but I'll just assume the Trend Average will be tested in the next couple of days. Once gains are digested, the Inverse Head and Shoulder's pattern will be in place and it will be interesting to see its target of 2220 achieved. This might sound unthinkable to people who think this is a "bear market" but the pattern is there and the trends are supporting it.
I will be going long hopefully tomorrow or Thursday on a successful test of 2050-2065.
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Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish