The market ended the day slightly negative and the pattern invalidates the most bullish scenario which was the count that was posted last week. Still, once the current correction is over we should see another wave towards new all-time highs as soon as this week.
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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