This is the update of my March 29th post. This shows data as of the close of April 2nd.

The short term uptrend that started Feb. 5th is now within a few days of its end.  The TopFinder is 92% done, and will expire when the price bars get to the dashed vertical line on this chart.  Remember, once it does get there, that does not necessarily mean that a new downtrend will start.  But at the very least, there will be a pause, a short consolidation, before the market decides where to go next.

Let me remind everyone of the fractal nature of the markets.  This TopFinder on this daily bars chart, and its expected end in a few days, is distinctly different from the TopFinder shown on the long term monthly bars chart in my March 22nd post here.  That long term one is two thirds done now, and many months from its end.  When looking across several different timeframes, it’s common to have short term market cycles nested within intermediate term cycles which are then nested within long term cycles.

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