MI2 TD Chart Point: Rally Falters, Bearish Trends Persist
As discussed in Wednesday’s note, “a tactical rally does not change the trend” in stocks. Thus, after a short-term relief rally, the technical signs point to further weakness ahead. Stocks aside, we would also suggest keeping a very close eye on FX and, in particular, EURUSD, where a small shift of momentum either way could trigger the next directional move.
March 28, 2025