4/29 Cautiously Bullish. 200 Buying | 125 Selling.
T2108 is Bullish. Primary Indicator is Bearish – Caution. 20% Weekly is Bullish – Extreme Caution.
The market remains choppy with mixed sector moves amid a wait-and-see mood ahead of a busy week of earnings and key economic data releases.
Utilities and real estate led modest gains while technology lagged, reflecting cautious investor positioning. Volatility (VXX) eased, supporting a tentative bullish bias.
Tuesday brings advance March trade and inventory reports, housing price data, consumer confidence, and March job openings—potential catalysts for directional moves.
Key Takeaway:
Swing traders should focus on confirmed momentum plays within resilient sectors like utilities and real estate while remaining cautious on tech weakness. Use support levels to manage risk, especially given the bearish primary indicator and extreme caution on the 20% study. Watch for volume spikes near key levels to validate breakouts or breakdowns amid a volatile environment.
Watchlist
Continuation: TRI (S1: 181.5, S2: 180.5, S3: 180.5, R1: 182.5, R2: 183, R3: 184.5)
Anticipation: TSLA (S1: 281, S2: 279, S3: 276.5, R1: 285, R2: 287, R3: 288)
