Last month of the ‘best six months’

Alright folks. So now we’ve officially kicked off the month of April March is in the rearview mirror. And looking ahead for the month, April is one of the stronger months of the year. But it is also the last month in the favorable six months span that begins in November. Over the past five decades, the s&p is averaged a return of 1.8% in April, with gain frequencies coming in at 72% of time, and that’s over 50 years of data. So we should based off of historical projections, we should expect to see prices continue to be buoyed higher here in the first first two to three weeks of the month. However, we want to be come a little bit more cautious as we approach the end of the month coming into May. So we we historically see mid month boost associated with tax deadlines in the US people contributing last chance investments into IRAs and other retirement accounts, which can live prices after that tax deadline or IRA contribution deadline on April 18. The resiliency of the market starts to wane. And we would be looking to favor to sell into strength as selling prices typically tend to pick up right around that time. So as always, we’ll let we’ll let the chart kind of tell us what we need to be doing. But just keep that in mind from a historical standpoint. But we’ve been pointing out here for quite a while here looks like the path of least resistance here. This is the weekly chart of the spy looks like we may be headed to the downside. So coming in as of this recording here we are putting in a reversal candle here on the s&p at the 618 retracement level. We’ve got multiple topping patterns here 123 tops Head and Shoulders tops bearish divergence signals. So we do think though path of least resistance is to the downside for now. But knowing that we could have a little bit of continued strength maybe even choppiness as we head into the rest of the month. So I’m gonna be doing a free presentation on Tuesday, April 5 new AI tool pick stocks that are crushing inflation, I’m going to reveal a trading technology that you can use across stocks, futures and forex to build your own custom portfolio to fight rising costs, rising inflation, and how you can locate markets that repeat themselves over and over again every year so you can continue to try with odds in your side. I’m gonna link you to this page here. All you got to do is click the orange button, and I look forward to seeing you there.