More news of possible treatments for COVID-19 and increasing signs that "lockdown" standards are easing are pushing the broad stock market upwards. All three broad stock market indices (DOW, S&P 500, NASDAQ) have now made new weekly highs so our earlier bearish divergence signal is negated. We could still see a top and the start of a correction this week, but if the rally continues into next week, we may have to wait until our next reversal zone (May 11 - 20) to see a top and subsequent reversal. This won't make much difference to our trading strategy as we are waiting to buy the bottom of any significant correction (as long as it doesn't go too low). Still on the sidelines of this market.