Not much happened during the first week of April 2019 to shift the S&P 500 (Index: SPX) off of the upward trajectory it has tracked since bottoming in December 2018.
Moreover, over the last 10 weeks, it has largely fallen within the range of the red zone we added to our spaghetti forecast chart 10 weeks ago....
That's not as impressive a forecasting achievement as it might seem however, since we've been experimenting with automatically updating the trajectory of our redzone range as expectations for the future have changed over that time.
Fortunately, the