The market has completed a bearish 5 wave count today and we should see an attempt to rally as soon as tomorrow. Whether there is a counter-rally or an impulsive rally to new all time highs remains to be seen. Also, the markets closed under the TA and the 50 DMA today but I continue to expect to a challenge to all time highs after the correction is over.
For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com
Short Term Trend = Bullish trend being challenged
Medium Term Trend = Bullish
Long Term Trend = Bullish
No comments:
Post a Comment