The market closed at an all-time high and continued upside should be expected given the current count. The hurricane not being as catastrophic ended up being the excuse to rally and I assume we should see 2500+ sometime this week. If the labels on the count are correct, the target for the 5 count is 2560 before another significant correction. But as I have been saying since the market reached 2400, the bull market is getting closer to the end and a substantial decline is coming this or next year when the full count completes. So, it's a good time to trade keeping in mind a major turn could hit soon.
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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