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| Market Forecast 4-18-12 |
Stock markets have had a decent size of correction and bounced off right at the time cycle of 04/16. As a matter of fact, a low was made on said date of the CIT. Markets not only bounced off, but also recover the resistance levels of all the indices, such 3,000 for NASDAQ, 1,375-78 for S&P500 and 13,000 for Down Jones Industrial.
IMHO the markets have received the reasonable correction to make the next bull run healthier and less riskier.. (above mentioned levels must remain intact for the markets to remain bullish). Once markets have respected the recently recovered resistance levels, bull run shall last until the next time cycles.
Next levels to watch for S&P-500 are 1,430 and 1,440 to offer resistance, I believe later shall offer more...
