Friday after the close

corrective f

Another corrective day today as we had lots of over-lapping waves. At the close we were down by $7.12 at the $2713.01 level. We once again closed above our upper trendline as we continue to drift sideways in a corrective fashion. Odds continue to support that we are in a 5th wave higher that should make new all-time highs.

Things on the daily chart were boring this week as all we did was travel sideways in a corrective manner. Indicators ended the week bearish, however we remain above the trendline and support of the 20 day MA!!!