The market was able to rally today is what seems like a micro-w3, which implies a higher high is coming as soon as tomorrow and could end up challenging last week's all time high. If we see highs tested, then we could see renewed strength through a IHS set up. I was hoping for a 50 DMA test but I'd be happy with a IHS set up to go long. Also, I sold oil earlier today and will buy in the next pullback. What OPEC does is illegal in a free market economy. What they call "OPEC Meetings", is called collusion here in the US. Where else can you benefit from blatant price fixing but oil now days? It's easy money.
For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com
Short Term Trend = Bullish trend being challenged
Medium Term Trend = Bullish
Long Term Trend = Bullish