Big Picture: Bias is Neutral, Market In Upward Channel From October 2023 Low, $VIX Below 20 (complacency)
Today´s Pivot is 5927
The US stock market has historically performed well in March, with data since 1964 showing that the S&P 500 typically gains an average of 1% during this month (see table below). As noted in the Sunday Post, while the market tends to underperform in the first half of March, the second half often sees a rally, according to seasonal trends. Moreover, with the Fear & Greed Index currently at the “Extreme Fear” level, this could present potential upside opportunities. However, past performance does not guarantee future results. That’s why PalmaFutures focuses on price action and level-to-level trading, prioritizing real-time market movement over historical patterns. While seasonality can provide context, actionable decisions are ultimately driven by what the market is doing in the moment.
Market Analysis
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