Weekly market calendar: March 31, April 1-4, 2025
Hey traders,
Here’s what’s on the radar for this week’s market events:
Calendar by 0DTHERO
Last Sunday, we called for indecision time in the markets as we sat around the 20DMA (20-day moving average)across the ETFs tied to major indices.
On Tuesday, this is what we had in our morning notes:
If we recover the 20DMA and hold it as support for a couple of days, this could be a bounce with legs. If the opposite happens and the moving average turns into resistance… let’s go Elmo.
Well, guess what happened?
QQQ & SPY closing below the 20DMA and selling hard on high volume
The 20DMA turned into resistance, so it was Elmo’s time to shine.
And more Elmo ahead is what we expect.
The last put wall for $SPX is 5500. Once we break below it with strength, bear market is inevitable.
Let’s have a great week.
