📊 Market Technical Analysis

$SPY and $QQQ could rebound to test the 200-day moving average, potentially closing slightly above it, before the next drop. Historical precedent: every major crash (including the dot-com bubble) initially pulled back above the 200dma. 3
$SPY overnight opened at $629.51, then flash-crashed up to $641.43 — a sharp reversal pattern. 8
$SPX has logged 9 consecutive red Thursdays. Historically, the index has never dropped 10 Thursdays in a row — Thursday before Good Friday and a 3-day weekend is unlikely to break that streak. 7
Resistance at $643.33 on $SPY; above that, last week’s $652 breakdown could be retested. Rejection at $643.33 sets up a pullback. 17

🎯 VIX & Volatility Gaps

$VIX current level: 30.90. Upside gap fill target: 37.56; downside: 25.33. 6

For most of March, $SPY and $GLD traded in lockstep. Gold has now basing for 5 trading days without new lows, up 5% from its lows — could foreshadow equity market bottoming. 12

“Ten Dollar Words” usage spikes during acute stress — similar patterns appeared in Dec 2018, 2020, and 2022. Current uptick signals elevated market anxiety. 9
$QQQ morning pop faded entirely — market needs Trump to tweet about Iran deal progress every hour to sustain rallies. 24

Iranian parliamentary speaker warns: pre-market “news” and “truth” are often traps for profit-taking — essentially a reverse indicator. Contrarian play: if they pump, short; if they dump, go long. 22

Top 20 semi companies by TTM earnings: $NVDA ~$117B | $TSM ~$44B | SK Hynix ~$31B | $AVGO ~$26B | Samsung ~$26B | $ASML ~$13B | $QCOM ~$13B | $AMAT ~$6.8B | $LRCX ~$6.8B | $MU ~$6.6B | $AMD ~$4.0B. 23