- The market closed as a bull bar in its upper half with prominent tails above and below.
- Yesterday, we said traders would see if the bulls could create follow-through buying. If they could, the market may trade a little higher towards the Mar 25 high area.
- The market looks like it will open almost 1% lower today.
- The bulls hope that yesterday's low will act as support.
- They hope to get a second leg sideways to up to retest yesterday's high, even if it only forms a lower high.
- They want the market to trade up strongly, similar to the March 31 gap down.
- The bears see the last 2 days simply as a pullback.
- They want a retest of the March 13 low and a strong breakout below.
- How the market closes today will tell us a lot moving forward.
- Trump will talk later in the day.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.