Wk15: Market Forecast

5 Apr

Not too much this week in terms of economic news…
· Thurs: International Trade 8:30 AM ET
· Thurs: Jobless Claims 8:30 AM ET
· Fri: Matket Closed/Banks Open – Good Friday

We’re looking to the S&P 875 area as the next price target, that being prior resistance. The 820-830 area will act as support if we do pull back and will make for a great buying opportunity. Watch for reoccurring higher highs and higher lows to signify an uptrend. As soon as a close is put in that does not make it up to the prior high we will watch for a double top signaling a reversal in the trend.

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