The market has continued its rally as expected and is now well positioned to challenge all-time highs in the next week or two unless there is some sort of bearish miracle. Maybe the rally will continue until May and then we will get a summer correction? I am still waiting for a real bear market to come but I am long and looking for any topping patterns to lock in profits.
For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com
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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