We continue to expect a difficult market, at least until the daily stochastic recycles, and perhaps until the weekly also recycles. The trend remains up unless SPY moves below 202, but the trend is weakening and caution is advised. Oil is in a key position at this time as seasonal tendencies have turned negative and oil has started to show some weakness. While the last week was positive and rallied off support, the previous weeks were negative and oil may have peaked in March for the seasonal drop into late Spring/early summer.
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