The market has made another all-time high and I had to change labels yet again to accommodate the madness. I don't think I can stretch the micro-count anymore, so I might have to be forced to short the market tomorrow if this keeps going up. We might see another "Sell in May" this year at this rate, so I will probably just get long on the pullback and not trade as much until we see a real top.
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
* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking