THE STOCK MARKET UPDATE May 4, 2017

David H. Weis

The S&P held today for a seventh session in its tight, narrow range. The wave volume
continues to swell as the duration of the wave increases. This suggests the market is under-
going absorption. While there has been a lack of upward follow through after the stronger
days, no sign of supply has appeared on the intraday charts. I continue to expect the mar-
ket to make another new high.

Have a nice weekend.

www.WeisOnWyckoff.com dhw@weisonwyckoff.com Tel 617.489.9155