The market went into a minor correction today but managed to close right at the TA. I'd like to see count confirm next week by going towards higher highs. Failure to gain traction will most likely result in a change of trend and a stronger correction. However, overall momentum continues to favor the bullish side. I am keeping my longs and my stop at 2168.50.
Have a great weekend!
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