Bullish Data Points Are Stacking Up

Louis Sykes
March 21, 2022

For some time, we've reiterated our neutral approach. By staying out of the market in this sloppy tape, we've avoided emotional and financial whipsaws.

During this period, we've been downright obnoxious about how little edge there is in pushing longs.

But this could finally be changing.

As we'll discuss in today's note, we're seeing signs selling pressures are beginning to subside. Price action is heavily coiled, and the clock's ticking for a resolution out of this range.

Looking ahead into April, we forecast a high probability of an upward resolution from this consolidation.

 

 

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