Elliott Wave Stock Market Update - April 28

The market went under the Trend Average briefly early morning before rallying back to end the day positive. I suspect there will be a new bullish wave coming to new all time highs in the next session or two as long as the TA holds up. Earnings are favorable overall, so the market needs to price in continued momentum towards the end of the year. The GDP report tomorrow will help the bullish case if the report meets or exceeds expectations.

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Short Term Trend = Bullish
Medium Term Trend = Bullish

Long Term Trend = Bullish

* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market.