Prices went into consolidation mode today in what seems like a micro-w4, so we should see a higher high as soon as tomorrow to complete the wave count. I was going to buy back my short position but after seeing the pattern, I figure I'd wait until tomorrow. Maybe 2370 will be hit after all?
Have a great weekend!
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
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