Prices went into consolidation mode today and unless prices go below 2465, there will be new all-time highs coming again. If the next bullish wave turns out to be exceptionally strong, we won't see a top until a 5 count is completed for the 5th leg of this rally that started at 2407. I am out of the market for now but at least I am enjoying my gold longs.
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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