Prices made a higher high today and it looks like it might push even higher before a test of the TA or the 50 DMA. If the market is able to focus on earnings and overlook recent negative news then we should see prices climb substantially higher before a the return of the bears.
Short Term Trend = Bullish
Medium Term Trend = Bullish trend being challenged
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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