Long Term Trend Update

Yesterday's drop was sufficient to trigger a bottoming signal in the Long Term Trend Indicator. It will change from bearish to neutral today on a close above 2797 SPX which would mean exit long term short positions.  

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."