The market went into a minor correction and yesterday's lows have a good chance of holding if we see a bullish Monday. The real test again for the bullish case will be recapture the 50 DMA and the TA next week. Failure to turn the short term bullish bias will end up in more selling.
For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com
Have a great weekend!
Short Term Trend = Bearish
Medium Term Trend = Bullish
Long Term Trend = Bullish