| Weekly Trend: | Up | |
| Daily Trend: | Up | |
| Daily Momentum: | ___ | Down |
The daily and weekly trends as determined by our trend filters remain up. The Elliott Wave count remains up. We continue to make higher highs and higher lows, traditionally suggesting the trend is up. We have a bullish flag sitting on support which, more often than not, tends to break up. Of course I could be wrong and we’ve seen a high – but lets await the markets decision on that. 4700 is the level to watch. The Power Setups will cease offering bullish signals if we drop below 4790 and the Growth Portfolio will do the same at 4765.
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