The market went into a correction today but managed to bounce off the Trend Average to close just right above the 50 DMA. The correction was expected for days, so this is not exactly a surprise. And as long as the TA remains bullish, my assumption is the market will be headed towards a new ATH in the near term. We have the North Korean nut job all over the news, but I think the market will use that as an excuse to sell only after it's done with the wave.
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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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