Market Outlook – 04/18/18 – David Settle
Today, the S&P 500® closed higher by more than two points. The intermediate line crossed above the chart’s midpoint and is now moving into the chart’s upper half. The near-term line maintained its position in the upper-reversal zone and has been above the 50th percentile for seven days straight – both good signs for the burgeoning bullish trend. The momentum line fell but avoided extreme lows. Market Sentiment is starting to slowly turn higher and gives a signal that stocks may enjoy an extended intermediate run back towards its early January highs.
Please LIKE tonight’s Market Outlook video on Twitter and Facebook below:
Join the growing Market Scholars community with this exclusive, limited-time early access discount offer: Become a Market Scholar!