Market Outlook 03/18/2021
Markets drank Powell’s Kool Aid and skyrocketed higher making new highs for /ES. However, the problem child /NQ refusing to break through the resistance zone of 13330-13360s.
As the FOMC mania wears down, the markets look towards Quarterly Opex on Friday setting up an interesting battle on weekly charts. Bears need to push /ES under 3930 and /NQ under 1…