ES Morning Update March 25th 2025
No sell off yesterday but instead a non-stop squeeze. I don’t think the low is in but at this point it’s looking like they plan on hitting the FP on the SPY at 486.86 before the next pullback happens. I really thought that FP would be hit in early April but I guess I was wrong? We did hit the 200 day SMA yesterday, so on the short term we should see a pullback from it. While I’d love to see it turn into a big dump most likely it won’t be, and instead will just be a typical 38.2% retrace from the entire move up from Fridays low. At this point the only thing that could bring this market down hard is some “event” to trigger a big flush.
Have a blessed day.
Source: http://reddragonleo.com/2025/03/25/es-morning-update-march-25th-2025/
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