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| 3/22 in context |
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Today was very weak. Day and very short-term money continue to be the engine of the rally, which appears to be losing steam (observe how the market isn't getting much to the upside as the previous session's high is taken out). Volume is very low (less than 1.1 million during RTH), tempo is miserable. I observed today's auction stall at yesterday's profile's body high (41.5), yesterday's high, and then the overnight high - not even strong enough to push through on the first attempt.
Labeled on the half-hour chart above are pertinent references to evaluate tomorrow's sessions against. Zooming out a little bit, the profile view next to it has some longer-term references. If the market can stay above 2026.75, the miserable rally continues to stay intact.
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