TGI Friday the 13th – Bulls are Feeling Lucky

April 13, 2018 at 08:31 AM EDT

We're still waiting on a few of bounce lines: Dow 23,800 (weak) and 24,200 (strong) S&P 2,640 (weak) and 2,684 (strong) Nasdaq 6,500 (weak) and 6,700 (strong) NYSE 12,450 (weak) and 12,600 (strong) Russell 1,520 (weak) and 1,540 (strong) Even with this morning's pre-market rally, we still have to take the same 3 red levels we were looking for yesterday so we'll have to remain well-hedged into the weekend because we don't change our stance until at least 3 of five of the Strong Bounce levels are captured AND HELD – for at least one full day after a close above. IN PROGRESS

We're still waiting on a few of bounce lines:

Dow 23,800 (weak) and 24,200 (strong)
S&P 2,640 (weak) and 2,684 (strong)
Nasdaq 6,500 (weak) and 6,700 (strong)
NYSE 12,450 (weak) and 12,600 (strong)
Russell 1,520 (weak) and 1,540 (strong)

Even with this morning's pre-market rally, we still have to take the same 3 red levels we were looking for yesterday so we'll have to remain well-hedged into the weekend because we don't change our stance until at least 3 of five of the Strong Bounce levels are captured AND HELD – for at least one full day after a close above.

IN PROGRESS