Midday Update: 2024-03-06

Bulls come through as expected in the morning

S&P 500 Futures

The plan was for higher today and that has taken place. There was a pullback at the open that retested the old resistance turned support at 5098.50 after which triggered a steady climb in an effort to close the overhead gap. Bears hope for this move to be ‘C of (II)’ to set a lower high. Bulls see a wave III up in progress. Because I have…