Prices rose to challenge all-time highs today but was couple of points short of making a new high. If we see a gap up or a strong rally tomorrow, this will confirm a nested 1-2 set up that will propel the index to substantially higher highs. Maybe we will get a Christmas rally on top of the all-year all rally?
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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