FOR FRIDAY: (4/27) Could end up with week-end profit-taking and then selling by Sunday as we move into the end of the month. Not ready to top-pick stocks tonight but may be open on Friday. Gold and dollar are fractions from key target areas.
JUNE E-MINI S & P 500
TRADING RECOMMENDATION: Wait for morning comments.S & P ANALYSIS FOR FRIDAY: (4/27) Market closed above the key 2670 region and that will be support now. Resistance up to 2688.75-2690 and 2695. The market retraced 62% and doesn’t have to do more. We could get a retracement into early morning by 10 am and then a recovery. Sunday looks lower. We’re more used to wild congestion before FOMC rather than anything else.
CYCLE SYNTHESIS: Higher Friday; topping Monday and retracing.
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