Prices failed to rally today and instead continued its sideways correction. We should see the start of a new bullish leg tomorrow going by short term oscillators but we also could see the correction going into next week if bulls can't make up their minds.
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 into consideration other factors.
No comments:
Post a Comment