The market is playing along with theme of holding up into the next FOMC meeting the first week of May. As to whether that will be a lower high or a new high to that of early March I don’t know as I can put forth arguments for both.
Short term, we should expect the market to ease up into 2367 SPX which is both an extension value and a tap of a descending trend line across highs.
While we should expect crude to remain soft for a few weeks there will be bounces, even sharp bounces.
The dollar is working to keep the wave iv idea alive by holding the 99.84 to 99.48 support zone. We probably have to reserve judgement till after the next FOMC meeting.
Nothing new to say about gold. It should hold or even creep a bit higher but not easy at this point.
Same for bonds. It should creep up a bit more but late in the game.
