Apr
S&P 500 Short Term in Extended Uptrend
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This is an update to my post of last week April 5th. Last week I showed that the TopFinder had only a few days to go. And indeed, it ended at the dashed vertical line shown then and in the same place on the chart here in this post. The expectation upon the ending of a TopFinder is a consolidation, but what we got was only the very briefest consolidation, followed on Friday by a breakout to the upside. So, this week, I have re-fit the TopFinder to fit last Thursday’s pullback, at the upper purple arrow. In doing so, I see that it also nicely fits the major low in late February, at the lower purple arrow. So, this fitting probably has more significance. This TopFinder is 88.9% complete, with an expected 5 to 7 days to run, projected to end at the horizontal location of the dotted vertical line.
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