The market had its first negative day for the year but it has yet to test the TA. So, I expect prices to test it tomorrow unless bulls are able to invalidate the bearish set up. Ideally, we would see a bigger correction to reset the current overbought conditions but it's hard to tell when people will come to their senses. For now, this is just a correction within a bullish trend.
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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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