The market reached 2500 after all at the close of the day. This, despite North Korea shooting missiles over Japan and taunting Trump. Goes to show how the market has a mind of its own and is not as news driven as most people believe. The public and the financial media just rationalizes market moves based on the news for the day but that's not really what makes the market move 90% of the time. Anyhow, I expect higher prices next week to new highs and maybe the market will turn bearish one the target for the 5 count is done.
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
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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