The market has now morphed into a market which never corrects. With that being said there is still a possibility of these rising wedge patterns slowing the markets down. Generally, these wedge patterns have a high success rate but given market conditions there is a good chance it will bust right over the resistance line.

Aaahhhh! April is finally over. Thursday, we saw a possible change in momentum. The morning pop quickly lost it's energy and the bulls all but threw in the towel. This vastly overbought market is sooooo overdue for a correction it isn't even funny. The SP500 is up 33% from the low without any real correction. That should soon change. Look for some heavy selling to get started maybe today but certainly early next week. The buy the dip buyers are going to be run out of town. Good Luck!