Stock Market Update – April 19

The market reached a higher high this week but fell short of challenging ATH as I had been anticipating. Still, the TA continues to be bullish and the rally could resume next week for another attempt a new highs. In the ideal world, the market would rally for the next few weeks to make an ATH in May and then go into a strong correction in the summer. Sell in May and go away for a good vacation! I am already looking forward for several short ones in the next few months.

Have a great weekend!

Short Term Trend = Bullish
Medium Term Trend = Bullish

Long Term Trend = Bullish

 

* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking
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