High vol exhaustion breaching the top BB’s then reversal

High vol exhaustion breaching the top BB’s then reversal

Overall market trend: Bearish phase
Yesterdays market: Money leaving the market – High selling pressure
TC2000 McClellan: -57
Stocks above 40PMA: 20%
VIX: 30 elevated
Seasonality: Last day of month & quarter expect volatility
Indices:
$QQQ: Downtrend
$SQQQ: Uptrend
$IWM: Downtrend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors yesterday:
1%- sectors yesterday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 67k ish
Themes: Energy, Semis, Tech, Comms
Are breakouts likely to work for the next 3 – 5 days: No
Are breakdowns likely to work for the next 3 – 5 days: Yes
Should I be trading: WSS & EP’s only
Overall market trend: Bearish phase
Yesterdays market: Money leaving the market – Very high selling pressure
TC2000 McClellan: -71
Stocks above 40PMA: 19%
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: Downtrend
$SQQQ: Uptrend
$IWM: No trend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors Friday:
1%- sectors Friday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 67k ish
Themes: Energy, Semis, Tech, Comms
Are breakouts likely to work for the next 3 – 5 days: No
Are breakdowns likely to work for the next 3 – 5 days: Yes
Should I be trading: WSS & EP’s only
Overall market trend: Bearish phase
Yesterdays market: Money leaving the market – High selling pressure
TC2000 McClellan: -24
Stocks above 40PMA: 22%
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: Downtrend
$SQQQ: Uptrend
$IWM: No trend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors yesterday:
1%- sectors yesterday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 68k ish
Themes: Energy, Semis, Tech, Comms
Are breakouts likely to work for the next 3 – 5 days: No
Are breakdowns likely to work for the next 3 – 5 days: Yes
Should I be trading: WSS & EP’s only

Big red bar was because might have to stop offering interest payments on stable coins, their core business.

Overall market trend: Bearish phase
Yesterdays market: Money entering the market – High buying pressure
TC2000 McClellan: 1
Stocks above 40PMA: 25%
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: Downtrend
$SQQQ: Uptrend
$IWM: No trend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors yesterday:
1%- sectors yesterday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 70k ish
Themes: Energy, Semis, Tech, Comms
Are breakouts likely to work for the next 3 – 5 days: No
Are breakdowns likely to work for the next 3 – 5 days: Probably
Should I be trading: WSS & EP’s only


Overall market trend: Bearish phase
Yesterdays market: Money leaving the market – Normal selling pressure
TC2000 McClellan: -36
Stocks above 40PMA: 23%
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: Downtrend
$SQQQ: Uptrend
$IWM: No trend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors yesterday:
1%- sectors yesterday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 71k ish
Themes: Energy, Semis, Tech
Are breakouts likely to work for the next 3 – 5 days: No
Are breakdowns likely to work for the next 3 – 5 days: Probably
Should I be trading: WSS & EP’s only


Overall market trend: Bearish phase
Yesterdays market: Money entering the market – Normal buying pressure
TC2000 McClellan: -57
Stocks above 40PMA: 21%
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: Downtrend
$SQQQ: Uptrend
$IWM: Downtrend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors yesterday:
1%- sectors yesterday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 71k ish
Themes: Energy, Semis, Tech
Are breakouts likely to work for the next 3 – 5 days: No
Are breakdowns likely to work for the next 3 – 5 days: Probably
Should I be trading: WSS & EP’s only