The market pulled back as expected but it has not gone into the 2250 area yet. We could see another bearish leg tomorrow to test support at 2255 and possibly bottom there, or we could see bullish momentum pick up again tomorrow and send prices towards a new all-time high. Since the pattern is bullish and the Trend Average is back to bullish as well, I went long on my new TW account at 2268.
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Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish