Intraday volatility continues to be the name of the game with swift up and down moves. We still expect some kind of capitulation soon. Although the model is improving, sentiment indicators have still not pointed out to this kind of behavior. Our price objective remains the 2500 area for the S&P 500. As written two days ago, the market is looking for some kind of stabilisation process that may continue during the Easter period.

Next update Tuesday 3rd April 2018.