April 30, 2020
“…Recently, something very important has happened in the US stock market – a breakout of sorts. The weakness we expected to see last week prior to the new $500 billion in new stimulus appeared to end this past week. Not only have the markets opened a bit higher this week, but they have continued to push higher over the past 3+ days. From a technical standpoint, as long as the support channels and current trends do not falter, the US stock market may continue to push higher before breaking this uptrend….”
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