S&P 500 Still Making Good Progress

The S&P 500 made good progress in March, but the buyers fell off slightly by the end
of the month, giving the sellers room to pull price down.

Although the end of March and the start of April experienced a decline, this is just a
pullback for now, and we can anticipate a continuation to the upside.

Friday’s candle closed as a reversal candle just above the 200 simple moving average
support zone. As we enter a new week, we want to see a bounce from support with
some bullish candles.

Further moves to the upside should follow a break and close above the March 29th high.
Then we want to see a move above the next resistance level, which is the all-time high at $4818.

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