It was difficult to be bearish with the last quarter of the year finishing green!  In our last Benzinga article, we talked about the possibility of reaching All Time Highs by the new year... that ended up being pretty fair timing!

That said, we will continue to monitor the quarterly chart for changes, and continue with the trend.  There still is the possibility of a "running flat" wave B in the works, so keep an eye out for any interesting headlines in the next few months, otherwise, wave 5 may continue!

It is difficult to be bearish until this weekly channel breaks down.

Check out the video here for more information:

Dr. John

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