Date: Wed, Apr 29, 2026 at 5:09 PM
Subject: Market Update: Uptrend Timing Delayed, Bullish Structure Intact
Dear SPR Premium Subscribers,
On Tuesday, April 28, U.S. equities opened lower and extended intraday losses after reports emerged that President Trump remains skeptical of Iran’s proposal for a “ceasefire first, reopening of the Strait of Hormuz, followed by nuclear negotiations.” The headlines pushed oil prices higher, pressured U.S. futures, and weighed on broader market sentiment.
As a result, there has been a timing adjustment to our prior outlook, in which we noted that the market had a high probability of shifting back into an uptrend beginning last Friday and this Monday, with bullish momentum expected to continue into the middle to latter part of this week.
Tuesday represented a highly important window in which upside momentum needed to strengthen. Instead, the market experienced a sharp externally driven decline, leading to an extension of the corrective phase into the close.
Based on this development, the expected transition into a renewed uptrend now appears delayed by approximately two to three trading days. Over the next several sessions, we anticipate uneven and choppy price action, followed by a gradual move back toward bullish momentum.
Importantly, the broader daily trend remains within a bullish zone. We continue to expect a more visible uptrend to emerge around Thursday or Friday of this week, while confirmation of a full trend reversal may become clearer by next Monday, May 4.
Although the U.S.–Iran conflict has entered a relatively calmer phase, oil prices remain elevated. As a result, any headlines related to negotiations between the two countries are still likely to have a significant impact on short-term buying and selling flows.
We encourage investors to remain mindful of these external variables when navigating the market.
If you have any questions regarding this analysis, please feel free to reach out at any time.
Thank you.
SPRㅣ Stock Pretiming Report team.
All forecasts are probabilistic and subject to change as market conditions evolve. Investment decisions remain solely the responsibility of each investor.)
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