The nested bullish 1-2 count I was hoping for was invalidated today with today's breach of 2179. However, the IHS pattern remains in place as long as 2172 holds a continued correction. August is the slowest month of the year in terms of volume and any sudden interest in buying (or selling) could move the index substantially. Since I am long, I am hoping the Fed minutes will be the excuse tomorrow for a rally to 2,200+.
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Short Term Trend = Bullish trend being challenged
Medium Term Trend = Bullish
Long Term Trend = Bullish