9:00am (EST)
The market has been stuck in a 5-week trading range that has seen support and resistance tested numerous times but last week’s run to the top of the range and sudden drop to December lows has Wall Street spooked. The bulls are on the verge of a major collapse while the bears come out of hibernation and this week could determine if the longer-term trend is lower or the short-term trend means a continued trading range. (continued…)