The market hasn't really done much but wait in the last few sessions. But since Obama's last full day in office is tomorrow, I will not be surprised if prices rise to a new all-time high. The real question now is what happens now that Trump is sworn in. Tariffs and trade wars will definitely bad for the economy in the long run, that to me is a given. So we'll see how Trump will handle all the populist policies he campaigned on.
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