The market has made another ATH as expected and is closing in on the 2500 level. Would would have guessed equities would come this high so quick just few years ago? I still remember the days of EWI calling for Dow 400 and recommending people to go not just short but 200% leveraged short during the initial stages of the rally in 2009. What a financial disaster that was.
Anyway, I think higher prices are coming for the foreseeable future. But when it turns, we should see prices remain stuck in a range for years.
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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