March 20 Morning Market Analysis

My assessment for this week hasn't changed—I remain bullish, and this time it's not blind optimism, it's evidence-based. The chart itself has already given us signals—each low is higher than the last. This isn't just a technical bounce; it's capital quietly pushing the entire cost center upward. Never mind that it's still being capped by that downtrend line—that's more of a psychological barrier than true trend resistance.

Most notably, each pullback magnitude is narrowing, indicating selling pressure is running out of steam and the bears are at their last gasp. Meanwhile, capital keeps accumulating at lower levels, with chips gradually settling. There are fewer and fewer chips available to sell in the market. Simply put, the current market structure has one objective: gradually digest the remaining selling pressure.

Once volume suddenly expands and breaks through that overhead level in one shot, it will no longer be defined as just a "rebound"—that's when the true trend kicks in.

Trading Recommendations
On pullbacks to 69,800-69,300 range, go long. Targets above 71,000-71,600. On breakthrough, continue watching 73,000.
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