The market attempted to rally again today but was stopped at resistance from yesterday's high at 2341. Unless prices are able to get past resistance next week, we might see a change in trend to finally start the real correction. It would miracle if the market kept climbing in the summer months but I've seen crazier things. Hoping I will get a chance to short again next week.
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 trend being challenged
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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