MM Weekly Update - Market Analysis for Apr 2nd, 2020

The weekly chart is hinting at a slow down to selling coming soon.  Next week's mood pattern implies the beginning of a new outlook, yet what exactly that might be is ambiguous.    Regardless, something new, and possibly less bearish (or even bullish) could begin sometime next week, and we can be on the lookout for it.  The weekly trend remains bearish unless this week closes above 2541 SPX.  The weekly MM MACD is currently looking like it will shift from bearish to neutral for next week.  FYI-- the daily long term trend indicator would turn neutral from bearish on a close Friday above 2646 SPX.

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."