Technical Analysis Weekly Market Update

By Eli Levy, Senior Analyst

Trend is up. Earnings are good. Breadth is improving. The technicals are clean. The Fed is on hold. And yet I keep coming back to the same point I made last week: chasing all-time highs with this much event risk on the calendar is not for the faint of heart. The setup is constructive — I am not arguing with it — but the path of least resistance for at least one of these next-week events is a sharp, headline-driven reversal.

The market has been forgiving lately; that does not mean it always will be.

If you are long, ride the trend, but keep your stops where they belong and do not let a winning week become a losing month by sizing up into earnings. If you are flat, your edge this week is patience — let the FOMC and the hyperscalers print, then pick your spot.

If you are short, you have been wrong for four weeks and now the chart is wrong too. Perhaps reassess.

Volatility is still the trade of 2026.

That has not changed. What has changed is that we are now grinding higher inside that volatility regime instead of selling off. Respect the tape.

See review of many charts from different segments along with key levels to watch and market direction HERE.

Cannon Edge — Your Daily Futures Snapshot for April 28th

Daily Levels for April 28th, 2026

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!