Even with a positive March the market could not shake the depth of the bear market marking the first time since the 1930 the market have has six straight quarters of negative gains. April I hope is not as choppy as March but from what I am seeing here we 'SHOULD' get a bit of upside here. This morning we are gapping up and hopefully we fill the gap before moving higher. Why am I positive on he day? Well friday and yesterday we basically gapped down and failed to fill the gap, so I am just betting on a relief of some of this selling. I could be wrong but we will see soon enough.
Look for 800 and ultimately 805/806 to be strong resistance this morning/ today and a move above 808 which was previous support would put the bulls in good standing for the start of April.
I do think on the next decline we go below 750 area possibly to 732 but we will see when we are closer to that set up.
MARKETJEDI
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