We have had nice retracements in stocks and metals and they have reached very oversold conditions. There is a very expansive cycle into next week that should create a sharp rubber-band reaction and recovery in tech, metals, and energy.
It may be short-lived but it should have a great deal of power and create interest in buying again before the market goes into limbo for the next FOMC meeting on March 22nd.
Tesla finally hit a pullback to 192 and should have one more strong move up.
Today the FOMC minutes come out at 2 pm Central and should cause movement out of the current malaise. Cycles suggest it should be positive and then it would continue into later in the week.
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