The market made another ATH as I was expecting and this new high could put an end to the wave structure that started at 2557 two weeks ago. Technically, there is room for one more leg to another high but I predict prices will come down to test the Trend Average sooner than later. What happens at the TA will set up up trading for the next few weeks. Trump gives himself credit for the non-stop rally this year, we'll see what he says when the market starts falling (as in the coming bear market).
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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