Market Direction and Stock Trends

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Weekend Analysis by Amateur Investors
By: Amateur Investors | April 21, 2018

Not much to add this weekend as the market goes. The S&P 500 still could be developing a Triangle pattern as long as it remains above its 200 Day MA (green line) which is now around 2605. Meanwhile upside resistance is around 2743 level which is along the upper part of the possible Triangle and coincides with the 61.8%...


For those following the Bond market, the 10 Year Note looks to have developed a Double Bottom pattern after seeing a series of Lower Highs and Lower Lows following the peak in the early 1980's. The next level of resistance in the 10 Year Note looks to be around 3.36 which is along the longer term downward trend line, using a log scale, and the 50% Retracement from the 2007 peak...

http://www.amateur-investors.com/AII_Weekend_AnalysisApril_21_18.htm

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