The market failed to continue yesterday's bullish momentum and was under selling pressure for most of the day. The close is under the TA and my assumption is a strong move will come fairly soon, as it almost seems like the market is waiting for the presidential inauguration. Corporate earnings have been mostly positive, so the fuel is there to push the market to new highs.
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Short Term Trend = Bullish being challenged
Medium Term Trend = Bullish
Long Term Trend = Bullish