MM Big (and Small) Picture Update

Apr 12, 2024 - 1:28 PM EDT

MMI was down for today with a "large move alert" in effect. Today's move has satisfied the large move alert, and it no longer applies through Monday. There is no MMI for the weekend (Monday RTH open) and preliminary for Monday itself is down (below open). The latest daily charts are below:

While MMI is not able to confirm "the" top is in, the weekly and monthly outlook was for "a" top, most likely this week or next. The latest weekly and monthly charts are below:

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."

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