Prices fell slightly again and the close was below the Trend Average. I assume bulls will come to the market tomorrow to push prices up but if the market closes below the TA again there there is a good chance of a change of trend in the next day or two.
Short Term Trend = Bullish trend being challenged
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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