Monthly we see that there is some choppiness. March was our prior Target with April starting a new Trend into May which becomes our next Trend Target thereafter moving into July. From July we then see August to September forming a new Trend.
March formed our High which we covered before with our forecast:
With March forming our High and April thus far beign sharply downside this points to May potentially forming the Bottom before starting a Rally thereafter into June/July.
As we move into our Weekly Targets we will get a more clear picture of what is coming.
Our Weekly Trend Targets show we have a Trend moving into the week of May 6th. The week of May 6th should start our next Trend thereafter into the week of May 27th.
Following the week of May 27th we see that there is another trend developing from the week of June 3rd to the week of June 17th where we should see another price swing there.
Should the week of April 29th move Upside this would be a Bearish Signal for May as it would point to lower lows into late May. Should the week of April 29th move Upside this would be a Bearish Signal for May as ti would point to lower lows into late May.
Should the week of April 29th be a downside Target then potential for a Low forming on the May 6th weekly Target is very high and we could then see an Upside Swing into the week of May 27th with potential to carry onward into mid June.
Summary: Let the week of April 29th play out to see what sets the trend moving forward. This week of a Key Target as we move into the Peak of this weekly tend being the week of May 6th. Thereafter we should see a clear picture on which way the market will move.
2 Responses
What do you make of the markets turn down today?
Merely building energy to before the market moves upward. Market’s always have to create the energy needed before a big rally or crash. Currently our models are extremely Bullish Across the board as we end Spring.