The market gave up most of yesterday's gain and ended the day right on the TA. There could still be one more leg up to another high if 2433.95 doesn't get breached. But if support breaks, then the correction will have bearish potential. I ended up exiting my shorts towards the end of the day
For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com
Have a Great Weekend!
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
No comments:
Post a Comment