๐ May-Day Rally: Positive Signals Keep Coming
Happy May Day! ๐ธ Across Europe, many markets are closed today ๐ช๐บ, and those that are open are seeing lighter-than-usual volumes. The UK also heads into a Bank Holiday on Monday, May 5th ๐ฌ๐งโso expect a slow start to the week.
Over in the U.S., markets had a shaky open yesterday following weak economic data ๐. But that bearish mood didnโt last longโequities rallied into the close, with the market seemingly shrugging off the negativity for now ๐๐.
๐ Zooming out:
We flagged a very large cluster of positive daily signals between April 9th and 14th ๐ฅ. That was followed by the powerful rally we just witnessed. A short retracement over the past couple of days looked like it might break the trendโbut that dip now appears to be behind us.
๐ And now?
We're seeing a fresh wave of positive weekly signals emerging across equity markets ๐๐๐. This suggests that the uptrend, which began during that April signal cluster, is not only intact but may be gaining strength. The marketโs behavior is increasingly aligning with what our system forecastedโa continuation of the bullish momentum from mid-April ๐ข๐ฅ.
Stay tunedโand stay sharp ๐. Weโll keep tracking the signals as they evolve.