Prices made a lower low today but bottomed just barely above last Friday's low of 2160. Technically the bullish bias continues to be in play but now the Trend Average is firmly bearish again. I think prices will ultimately will break out and go much higher but we could see more turbulence for the time being. I stopped out at 2168 with a small profit and will be looking gor another set up to go long again.
For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com
Short Term Trend = Bearish
Medium Term Trend = Bullish
Long Term Trend = Bullish