The market didn't go into a correction as I had been expecting but it did reach a new all-time high, which I had been anticipating for a while. Now that all bearish patterns are voided, the market is free to rally substantially from here. We should see a pullback to digest gains but now there is a good chance the index will reach 3000 in the next few months. Unthinkable just a few years ago!
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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