The market has again traded sideways but closing the week above the 2500 level. Given the current trend, my assumption is the market has been buying time to start the next leg of the rally next week. We might see some volatility if rocket man starts testing bombs and rockets but I don't think it will enough to bring the market just yet. It is only after all the gains are in that a sell off will come at the slightest excuse.
I am going to Thailand tomorrow and I am hoping to have a nice working vacation over there. I haven't been there in 11 or 12 years so this should be nice.
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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