The market opened down today but managed to stay above last week's low. Still, the rally looks corrective and the close was below the TA so we might see another bearish leg down in the next session or two. If bulls manage to make a higher high then it might reverse the bearish set up but it doesn't look likely at this point.
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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