Near Term Trend: Positive
Wednesday’s Close: 3501 (- 16)
UPDATE: For the most part, Global Equities have remained solid, and Europe has continued to impress and slightly outperform the U.S.
Three weeks ago we cautioned; If you are fully long, the Index is somewhat over-extended, and at that juncture it was starting to roll over. However, that was a head fake, and the Index gapped to new highs.
Currently during the last five days, the market has formed a Bull Flag.