The market seems to be correcting in a W4 and we should see a new push towards a new high if the zig zag pattern is finished. It's also worth noting that gold seems to have put in a bottom, which would coincide with a coming top for the current wave and a spike in volatility. I might go long gold and silver tomorrow.
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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