March 25, 2021

Every time we get purges in the market, and they are always very nerve-wracking and will test you in every way imaginable, we just need to keep reminding ourselves of our trend lines and market chart patterns remain.  There are up and down trends, there are trading emotions, there are always new themes. Don't over complicate and overthink this market.  

A gap down open or morning selloff today, will very likely setup a big reversal like the one we saw on March 5th.  If not, which will honestly shock us, then S&P can see 3820 before we bounce.  We respect our trend lines and will trade it accordingly.  But look at that range and the opportunity that is right in front of us now.  Patience and then let's get rewarded.  

Updates for the open:

YVR stop adjusted to 3.30

CLDR stop adjusted to 10.76

Be ready today for further updates.