Last week we noted that a pull-back that doesn’t dip below 2720, should be considered positive for the market. The SPX futures low came in at 2780, and market breadth bottomed out two days later when the SPX made a higher low.
Although this in and of itself should be considered a positive development, the bullish case will be strengthened only with a permanent break into the neutral zone:
As of Friday, both weekly and daily signals are long:
The 10 Year Treasury keeps consolidating at the highs. The weekly targets remain unchanged:
Following the April 20th debacle, Oil has found its footing, and even challenged last week’s upside target. It continues printing higher targets:
BTC is showing signs of increased volatility ahead of halving, hitting both weekly upside and downside targets:
*Please note that the signals are provided for informational purposes only. They are in effect as of the close on Friday and may change as soon as the markets re-open.
Charts, signals, targets and data courtesy of OddsTrader, CIT for TradingView and NinjaTrader 8
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