The market fell for the second-straight session on Thursday but the bulls did a good job of keeping the losses in check. There are still 2 trading days left for the month of March and despite this week’s pullback, there is a slight chance the bulls can make it up. The bears are up a little more than 2% for the month and they will fight hard to keep the indexes below resistance.
The bulls will have need a good Friday and Monday showing and we have talked about the importance of these two days. If there is a rebound, then April promises to be better as it is usually the most bullish month in the bull cycles that run from November through April, historically.
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