NYSE Analysis

I have had an uptrend signal on the daily and weekly for a while now and the trend signals are still going strong. However, I decided to do some textbook technical analysis using some of my CMT knowledge.

In the short-term I think a correction is coming soon i.e. between now and tuesday, however one must be cautious because the trend is up. Trading for corrections is not always the best move because the trend is up. I am predicting new highs after a correction. The reason I am putting an analysis together for a correction is I want to be mentally ready for one and I want to mentally be ready for the zone where the market could potentially turn back up. Its all about being mentally prepared.

Here's my chart, bearish comments and lines in red, bullish in green. I like that the MACD RSI and ROC are all making high readings, it shows me this market has muscles to flex and the market has the ability punch the shorts really hard with those muscles. So shorts better watch out and not get too excited on this correction, if it happens.