The market rallied towards resistance as I expected yesterday and closed right on the Trend Average. If the IHS pattern materializes we should see the rally continue tomorrow or Thursday towards the 50 DMA as mentioned yesterday. I ended up locking profits at the high today and will probably buy again on a test of today's low or the break out (assuming it's not too far from the neckline). Also, I will be launching my TW vs SP500 portfolio soon. Just looking for software that automates some of the tracking results.
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Short Term Trend = Bearish
Medium Term Trend = Bullish trend being challenged
Long Term Trend = Bullish