The second half of April is typically a bullish time for the S&P, says Frank Cappelleri, Chief Market Technician at Instinet.
The S&P 500 has remained directionless over the last fortnight, but measures of sentiment and selling intensity suggest a more optimistic outlook, according to Ari Wald, Technical Analyst at Oppenheimer.
The S&P 500 is experiencing a choppy end to its corrective phase, but should ultimately resolve to the upside by the end of April, according to Ron Meisels at Phases & Cycles.
Chinese equities are approaching an important juncture, according to David Sneddon and James Gilbert at Credit Suisse in London.
Conditions are developing for a resumption of the S&P 500’s uptrend, according to Ari Wald, Technical Analyst at Oppenheimer.
The DAX is trading in a Wave IV pullback and has reached uptrend support for the second time this year, says Tony Sycamore of TECHFX TRADERS.
It is too early to tell if the correction is over for the S&P 500, but the issue should be resolved in early Spring, says Ron Meisels at Phases & Cycles.
Option-based sentiment suggests the S&P 500 will breakout to new highs over the next few weeks, according to Ari Wald, Technical Analyst at Oppenheimer.
The S&P500 continues to retain a slight upward bias within a broader consolidation pattern, according to analysts at Credit Suisse.
The current correction in the S&P 500 will set the stage for its next leg upwards and what will be its tenth year in a bull market, according to Ron Meisels at Phases & Cycles.