The market corrected today and found support at the 2155 level. This correction sets up sets the market up for a potential bullish break out if today's low at 2154 holds any further corrections. However, if bullish momentum stalls at resistance in the 2175-2180 level again then we might see an ascending triangle form the rest of the week.
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