UPDATE March 31

It's the end of the month!

PCE (Personal Consumption Expenditures) is released an hour before open. The CORE PCE number is the FED's preferred inflation data number. A high number (last month's came in hot 🔥) could send the markets DOWN, while a low number (EU data relased yesterday for Germany and Spain came in lower than expected) could continue the RALLY.

I'm not sure what to expect. I can see inflation coming down with the lower energy prices. But more than likely, it comes "in line" with expectations. I don't think the market has much upside left. But if we start running, it could set off stop losses and cause shorts to cover, driving the price higher and higher, for no good reason other than price just breaking technical lines.

most everything is sitting on support. NQ and the other indicies have completed a wave up (DJI is iffy on completion), but it's kind of weak, meaning it could go higher. But being complete, it could go down. If it is complete, the down move should be strong and swift and deep.

Be Careful, Be Safe, Be Wise

and as always

Good Luck