Still targeting May 7th for a low – this would be ideal for the Dow Jones and other markets.
With that said, there is support under the market on the bounce, but we are still below the month low in Dow Jones, S&P500, and NasDaq. With the target being week of May 7th — this could head us lower.
So I am noting the 38,400 (from good sources, much smarter than me 😉
- we need to close above this point today (4/22)
- If it closes above, then the rally could get interesting
- Right now, it hit and fell below
DJI (daily)
DIA (Daily)
- Bouncing off important resistance
SPY (Weekly)
- Below the monthly here on the 1st rally bounce
SPY (Daily)
- Will this bounce hold… still under last weekly bear
- Noting: We elected same time bull reversals… but both bull and bear
