Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

cliffside

(1,728 posts)
2. I think the market was becoming stretched to the downside and too many were leaning ...
Tue Mar 31, 2026, 07:53 PM
Tuesday

in the wrong direction. Any little rumor, including the gibberish from the WH, might have the opposite reaction. Positive divergences were starting to show up on the smaller timeframes. Also end of the month and end of the quarter rebalances, options expiration etc. We'll see if that the low holds for any meaningful amount of time or if there is another leg down.

65 minute S&P futures chart

https://www.tradingview.com/x/m1AYqNQk/

Zoomed out and slightly longer view, but you can see the how the downside was accelerated with the trendlines. Where we bounced from was also identified in the video above and another site called pretzelcharts. Thanks

https://www.tradingview.com/x/uVzg3iCN/

And the fear and greed index hit 8 yesterday, not a good tool for tops though, lows are different.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Culture Forums»Personal Finance and Investing»Technical Analysis of Sto...»Reply #2