April 16 Daily Market Comments

The Dow and the S&P 500 are still trying to push through the top of the wedge formation. A lower trading day in the indexes would indicate the top of the wedge formation is still acting as resistance, look for more sideways market.

April 15 Daily Market Comments

After yesterday’s early consolidation, the afternoon buying illustrated the T line was still acting as a bullish support. Currently, today’s positive trading is pushing through the upper trend channel of the wedge formation.