Prices finally broke out of range and the bullish pattern continues to be favored. We could see a pullback in the short term but it can't go below 2130 as it would invalidate the bullish set up. If the market is able to recapture the 50 DMA at 2160 convincingly this week , we could see a challenge to all time highs fairly soon. I ended going long again at 2151.
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 trend being challenged
Long Term Trend = Bullish