No way to know if that is true, but todays action certainly has to be ugly after some magnificent sales. The last time sales were this good was Jan 2015. The month of March has quite a history with major events, most of those being highs. Table below shows each event since 1995, and the count is 7 major market highs in 22 years. There were 3 intermediate highs, 4 minor highs, and 3 lows of importance. The markets flirt and reverse with 80c will be taken out if sales keep up. History says demand peaks in spring and rolls over, hence a lot of highs are made in March. Technicals Todays reversal was the most impressive of a slew of them since Sep. Was today the final Big Banana? A couple Fib counts hit on Friday, and the one year anniversary of the major spot low falls on next Friday. The table below indicates the month of March is full of tops, and a reliable seasonal calls for a high on average date 3/10.
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