Market Outlook – 04/05/18 – Brandon Van Zee
The intermediate posture for the S&P 500® remained bullish after it managed to put in its third straight up day. That benchmark index was up .69%, which was a rare day that it wasn’t up or down at least 1% in this recently-volatile stretch of trading. All four indices now have a bullish intermediate posture. However, it appears that the NASDAQ® is currently the laggard. It is the only index of the four that continues to exhibit 3 Red Arrows. Additionally, it has a ways to go to fill the gap between where it is trading now and where its downtrending 30 day moving average resides. Be on the lookout for another potentially volatile day tomorrow as we wake up to a jobs report that traditionally captures the market’s attention.
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