The short-term trend (days/weeks) for US equity indices remains positive.

Short-Term (days/weeks) : still positive
The S&P 500 and key US equity indices were all higher last week, turning up at
short-term trend support as Daily OB/OS momentum indicators turned up at
modestly oversold.
At the close on Friday, key indices were all making new short-term price highs;
Daily OB/OS momentum were modestly overbought. The S&P 500 and Nasdaq
Composite are testing resistance from the 2023 high, the Nasdaq 100 is
breaching resistance and the DJIA is near next resistance.
The short-term outlook (days/weeks) is still positive. All three updated DJIA
analogs (Pre-Election Year and NYSE ITI peaks in the 30% and 70% range)
point to new highs intro May/June ; one analog suggests a short-term pullback
around now (see analog chart, page 4), but the other two models look more
relevant, so this looks like a risk case.
The short-term trend (days/weeks) for US equity indices remains positive.
See Daily OB/OS Charts, attached.
Intermediate-Term (weeks/months): still positive
US intermediate indicators of breadth and momentum all fell week-on-week at
the close on Thursday, including NYSE, Nasdaq Composite and Nasdaq 100
Intermediate Term Indicators, Percentage of S&P 500 Groups with Positive
Money Flow and Money Flow of the Average NYSE Stock.
Indicators were all sharply lower.
Key US equity indices were all higher week-on-week at the close on Thursday :
the DJIA and the Nasdaq Composite are both near resistance and the Nasdaq 100
is well below next resistance. See Weekly Charts, attached.
No clear intermediate sell signal.
All three updated analog models suggest a positive intermediate trend for US
equity indices: see analog charts, pages 2-4.
Key Takeaway : the inter mediate outlook (weeks/months) for US equities
remains positive.