Both the NASDAQ 100 and S&P 500 Indexes stuck right to my script yesterday, delivering another balanced day and profile inside Friday’s ranges. The best trades were right from the edges as predicted. Holding their own following multiple up days in a row, a balanced day of consolidation adds to the bullish narrative for now. 

But the same cautions abide, as we expect a minor dip into mid-month, and we continue to be on alert for the 18-month cycle peak sometime between now and May 15th. We will know it when we see it.