2025.03.11 -- is it Turnaround Tuesday?

Update 03.11.2025

Author

n qracky
March 11, 2025

Last evening, the market got quite close to the 2024 POC as they raced away from it overnight, trying to stage a recovery? or trying to give room enough to sell off on Tuesday?

What we do know is this.:

She bought through overnight, including London open,, trying to push through the end of yesterday's spike and failed, then bounced up again from London open, which is a few ticks (~10) from yesterday's settlement. So premarket is (mildly) bullish, on the face as of this writing She'll have to get through all the way to PDVAH to be truly bullish. And if she makes it there, congratulations, for sure, they want a Turnaround Tuesday!

To reiterate: holding above the spike is bullish-ish, breaking out past PDVAH is actually bullish.

What we also know is, those overnight tend to often be incorrect, and the correction happens after the open. So, if she can't push too far, i'd watch these current levels, for a visit down.

We have news events today Through Thursday. Any of those are enough to push us to 2024 POC and below, or goose the tape up further out of this bear territory. Both are certainly on the table, so know your levels, and may you sense the momentum as they go, for bounces or wave riding.

If I was the market, being so close to 2024 POC, i'd make some sense and spike that into the news, then provide a relief bounce. But i'm not, and we could very well be seeing the beginning of more downside. if she begins to close candles or races down away from 2024 POC, 2024 VAL is next.