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Martin Armstrong: Stock Market – What Next?

* April 28, 2016

The Daily Bullish Reversal in the Dow that is important stands at 18137.50. We reached 18167,63 intraday, but could not close about that Reversal. It is possible to break through to new highs on the cash index. However, to do so we need that daily closing just to test the former high established last May at 18351.36. We need to exceed that high here in 2016 to imply we will continue to push higher.
Nevertheless, it is never wise to ANTICIPATE such breakouts because that is how people buy the high and lose a fortune. A daily close above 18010 will help warn that we may press high for a day. Keep in mind we are at the threshold in many markets. If we press higher after April,then we can see an early rally into June/July. But lift-off still appears to be next year in almost everything.

https://www.armstrongeconomics.com/markets-by-sector/stock-indicies/dow-jones/stock-market-what-next/

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