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    MarketMap™ 2024 Scenario Planner Issue#10

    March 20, 2024

March 20, 2024

MarketMap™ 2024 Scenario Planner Issue#10

CT’s Headline March 13, 2024
“News Events preceding the open have rallied prices into the tidal high due today”

The QQQ among other indices have already made their primary price (nominal) high on 3/8/2024 and a secondary high (lower) high on 3/13/24. These highs have held thus far. I posted Tuesday in the “Volatility Reports” group that the majority of big names and leadership were not in a position to make new highs. Thus, leaving new highs today  only by the big caps – the Dow and the S&P – as a bearish divergence for the overall risk markets.

While price highs may be in place for the majority its all about risk management the dynamics of the market from here. For bear trades we want to be on the right hand side of the high pivot, and we want a one way trend to follow.

Volatility Reports is calling for a pro-direction or a one way trend coming out of today’s highs, be them higher of lower highs.

Time wise a near term or temporary low is expected early next week, see table posted here.

Gallery and analysis continued below

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