Day-Trading Scenarios for Mar 20, 2026

The rate of decline is slowing. The next major support is last year's August lows of 44600.

Look for some bargain hunting today near newly found support.

Before the open we are in a trading range of 130 points. Since yesterday was a narrow range expect a break out like the Crable.

Light calendar today, with only the Baker Hughes U.S. Oil Rig Count (~1:00 PM ET) as a minor energy data point—unlikely to dominate unless surprises.

Primary drivers carry over: geopolitical risks in the Middle East (Iran conflict, energy infrastructure threats, Strait of Hormuz concerns) and resulting oil price swings (WTI ~$95–$96, Brent ~$107–$109 after yesterday's volatility).

Any escalation headlines would pressure risk assets and widen spreads; de-escalation or oil pullback could support relief. Higher energy keeps inflation narrative sticky, reinforcing "higher-for-longer" Fed path and capping equity upside.

Baker Hughes Rig Count

 1:00 PM ET

Quadruple Witching

 2:00 PM ET

Sat, Mar 21: Jerome Powell speaks

 10:30 AM ET

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DATE: 3/20/2026

TIME: 9:22 AM

HIGH: 46626

LOW: 46039

CLOSE: 46341

PIVOT: 46335

SUPPORT: 45897

RESISTANCE: 46654

SWING MAGNITUDE: 245

TIME OF COMMENT: 9:22 AM

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