comments and outlook 03-23

Well, we finally got a day without a gap at the open.  I told you in my weekend outlook post I expected less volatility.  Sure didn't expect this much less.  Yesterday I opined that the bias from the totality of the cycles would be up.  It wasn't.  I think the lesson is that the cycles are in balance and the up pressure is offset by the down pressure (hence the decreased volatility).

Looks like tomorrow should start out with a little down pressure as the 2 shorter cycles (5.65TD cycle and 2.8TD cycle) are down all or most of the day.  So I expect a downward bias, but not a big move down.  The Money flow (MFI) seems to be in balance also (cash out/in).

Here is a picture:

GL traders.  Plan a midday nap - it could be a slow day.  As always do your own analysis and be careful.