The market made another ATH as expected and has enough waves to call itself complete. But if 2491 holds a pullback then it will probably extend and rally much higher before finding any significant top. Everything is good in the world of equities and this is a good time for much higher prices before a big correction comes. Whether it will be later this year or next, bears will be coming back finally after being dormant for the past 8 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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