The market has reversed all its recent gains and now finds itself under the Trend Average. The market still has a bullish bias until a lower low is made but the overall structure from the 1867 low looks corrective. So we could see a 3 wave evolve next week or after another higher high is made that will go back to the 1900 area to possibly end the larger correction.

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk