Prices finally bounced today somewhat and the bottoming pattern I mentioned on Friday's update remains in place. A strong rally tomorrow would confirm the bottom for the corrective wave but if the market fails to make substantially higher highs then the recent low will likely be tested and likely broken by the end of the week.
Short Term Trend = Bearish
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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