MM Morning Notes - Market Analysis for Mar 23rd, 2020

MMI is looking for some stability to kick in although that might take a few days yet.   The intermediate and long term trends remain decidedly down.  There is a MAM major low window from 18 Mar through 26 Mar.  

Looking at the weekly charts, at least a local low appears to be imminent.  The MM MACD is likely to change from sell to neutral at the end of the week.  For this week, it's bearish below 2301 SPX.

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."