In the week ahead look for these news announcements to act as potential market movers…
A handful of news announcements in this shortened week as the stock market is closed on April 2 for Good Friday. It would be logical to see sellers coming in at the S&P 1225 level (approximately) so we want to see if the bulls are able to push up and through the 61.8 retracement line. For those traders who got short at 1120 would then be forced to cover their shorts above the 1225 level resulting in a short squeeze.
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