The market went into a correction as expected and I am looking to see how the 2039 level holds in the next couple of sessions. Support at that range will help the market rally towards the 2100 level so hopefully I'll be able to get long on a favorable set up.
For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit
http://www.ewaveanalytics.com
Short Term Trend = Bearish
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 into consideration other factors.
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