Day Trading Radio Blog Alert - Market Radar for May 1st More Upside ahead

Published: Wed, 04/30/14

 
 

2014-04-30 16:57:53-04
Market Radar for May 1st More Upside ahead

Yesterdays very bullish call was right on except we did not take out all time highs, I knew that was a stretch, but I am expecting some type of event to be the catalyst for that move, Overall an extremely technical day and a bullish one, At the end of the day we made a clean break from the downward trend line that has held us back since the beginning of April. Now that that is behind us and we had such a nice reversal candle on Monday I would expect to see a few more bullish candle on the daily before we consolidate. The next big event will be Friday with the jobs report. With a strong ADP report today most people will be expecting a good jobs number. If that turns out to be true then we could close out the week at new all time highs. Stay tuned and stay ready.

 




Follow Us On