DOW S&P MonthlyUS markets continue to move upwards, and the trend for the 2nd Quarter is going to be defined by the April 50% level.....
DOW S&P WeeklyAny continuation upwards should complete the moves towards the Weekly highs.
That can happen early next week, but I'm factoring that over the next 2 days US markets continue to move sideways and then push upwards from early April.
Once those moves complete things begin the get tricky, as I'm not expecting too much more upside.....
S&P Monthly and YearlyWe can see in the CASH market the precise Monthly and Yearly lows on the S&P.
Those lows are extremely important, and any further upside can push towards 1037.
But that is more likely after a 2 month sideways pattern and the Month of MAY forms a double bottom above the April 50% level.
Then MAY should begin to move higher and JUNE should continue the move followed by a move towards 1137 sometime in the 3rd Quarter.
Therefore around the Weekly highs or even now I would be moving into CASH positions on stocks, especially Margin positions and TIME the new buying opportunity around MAY.
Because, if US markets reverse down from those Weekly highs and begin trading below the April 50% level later in the month, do not discount the market revisiting the Yearly lows one again.
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