The market made another all-time high today before pulling back in what should be a W4 wave. Higher highs should be expected next week before any substantial correction and if the market gets any good news then we could even see a run towards the 3000 level. Looking at how China has been rallying from recent lows, maybe there could be some sort of news regarding a trade compromise that could be used to push up the markets.
Have a great weekend!
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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