The market took a break from the rally today but it looks like it might consolidate sideways before another leg to higher highs. If the government is shut down then we will have a better excuse to see a real correction but even then, there is so much momentum in the market that bulls might not even blink. I am leaving the labels as is until proven wrong.
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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