19 May 2014

Prices have rallied above my preferred distance.  So either my EW count is wrong and some how the count has a complete 5 waves or the 5th wave up to new highs have not finished yet.  Since I am not certain of any of this, there is no need to fret about it and just wait for a clearer picture to develop.  That said, the ST is still on a down-trending position, so we will have to see tomorrow if it changes.

MT: UP
ST: DOWN
PA: NA