The market continued to rise today but momentum wasn't as strong as yesterday. Still, the close is well above the TA and could continue to rise with or without a correction. There is the possibility of the market being in a complex correction, which means there will be a period of trading between long term support and resistance before prices break out to continue higher. In the meantime, the bias continues to favor bulls.
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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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