Market Update - 4/23/2010

Just a short update today, I will have more over the weekend.

We broke over 1215 today, so this means we will most likely see 1225-1230 next week. The market seems very strong and doesn't look like it is going to give up anytime soon. Closing at the highs of the day/week is a bullish sign. Momentum is in the hands of the bulls.

The Nasdaq still seems to be in the c wave of wave (v).

2550 is a pivot to watch for in the days to come.

The SPX daily chart is running into resistance here.

Sorry for the short post, but I don't have time to make a full update today. I will have more stuff in the weekend. Hopefully another video. Thanks!