The sharp move down in March was terminal as expected and short term in the context of a longer term bull market. I have change of trend dates due April 2 and April 7. MarketMap2011 shows a hard turn lower the first week of the new month. On the mini S&P prices are in the previous resistance zone need 1322. I do not see much left on the upside here, a drive above the February peak would be within reason. However in terms of “timing” bulls should be looking to add to longs on the correction. Expect it to begin as early as Friday April 1, 2011. It could be as little as a one day clear out – open near the high and close near the low and about a 1% change. Prices should hold the 1300 area on the eS. The rest of April is called higher.
