We mentioned the bulls needed to get through this week for a possible rally to new highs in April but the bears are doing their best to delay those plans following Wednesday’s pullback.
The trading pattern played out much the same way as it has for the week – opening pops followed by nasty drops. For the most part, the trading ranges are still intact but there is a chance they get stretched again to the downside if there is further selling pressure. (Continued…)
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