Friday 3/29/20224
I have been looking for a top at the season end of this near perfectly timed Nov - Aoril rally. But it may not last through April, take a look at the On Balance Volume Indicator below SPX.
IF not turning down OBV is at least
flat.
Stocks over 150 day moving average.
I do not recall ever seeing this c hart t his high, 428 of the 00 stocks are over their 150 day MA.
April 19 is a significant historical day when many turn type events. Example, the American Revolution began April 19, 1775.
Click here for list of April 19 events
Gasoline Futures
Gasoline is poised to challenge the last high at $3.00 mid last summer, a typical seasonal high during driving season.
Taking out 3.00 will usher in higher prices.
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