The market tested its ATH today but was not able to make a new high. With this push, the wave could be completed but we need to see 2424 breached to confirm the top. I always believed the economic cycle was going to be the reason for the next bear market. But given our current President, maybe a political crisis will end up being the catalyst. It's been almost 6 months of Trump and it's been nothing by drama, It's like the Kardashians X 2!. I'm not sure how is he going to get anything done at this rate. I just hope things calm down a little so they can pass the tax cuts, that's really the only thing I like from this administration.
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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