The market made a new all-time high as expected and higher prices should come next week as long as 2260 doesn't get breached. The potential count is a bullish nested W3 but we have to see how the rally evolves next week before placing labels. Maybe prices will stage a rally all the way to Obama's last day as President? The market has tripled since he took office so we might see all-time highs the day he leaves. Obviously, the rally had nothing to do with Obama but I am sure Democrats would like to get credit for that. And I hope the inverse doesn't happen with Trump but he will most likely get a recession and a bear market under his watch.
Have a great weekend!
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Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish