ChapmanWave

Momentary pauses are treated as buying opportunities as key indices make new ATHs.

That was yet another sharp rebound, as we await a build-up of potentially negative news to start impacting the market negatively.

The Dow and the Russell 20000 were very weak as the Naz and SPX made new ATHs.

Resliency remains the theme, even though just sideways here for the Dow.

Dow is weakening a bit, while we await some negative to news to form a Dreaded-h pattern below the left side low. So far, it is holding OK.

Even Wednesday buyers came in to bouy the market as the market holds in a rather narrow range.

Even with that slide yesterday, there are still signs of technical strength and rotational buying.

While that was a sharp slide, the technicals remain strong.

Tariffs remain part of this markets' worry this week, so the Dow's missing ATH is dealt with will be important.

While there is still excellent technicals, the jobs numbers and the new Bill will be key here.