Prices bounced today from yesterday's bearish close but a lower high was made and the pattern could evolve into a sell-off in the next session or two. If prices are able to rise above 2931 then the bearish pattern will be challenged.
Short Term Trend = Bullish trend being challenged
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
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