Expect some consolidation days, especially in the stocks that have moved up excessively over the last few days of trading. However, the market indexes should be going higher based upon the gap ups through the resistance levels over the past few days. Anticipate more upside in the markets. Obviously the political rhetoric out of Washington will have an influence on the overall market trend but currently investor sentiment is showing very bullish results. Look for a potential move of wave three of the Dow towards the 24,000 area. This is not a projection trying to induce great optimism to get investors excited, it is merely the analysis based upon the candlestick chart patterns of this current market uptrend. This is why we recommend Trend Analysis.
April 26th Daily Market Comments
Expect some consolidation days, especially in the stocks that have moved up excessively over the last few days of trading. However, the market indexes should be going higher based upon the gap ups through the resistance levels over the past few days. Anticipate more upside in the markets. Obviously the political rhetoric out of Washington will have an influence on the overall market trend but currently investor sentiment is showing very bullish results. Look for a potential move of wave three of the Dow towards the 24,000 area. This is not a projection trying to induce great optimism to get investors excited, it is merely the analysis based upon the candlestick chart patterns of this current market uptrend. This is why we recommend Trend Analysis.