Day-Trading Scenarios for Mar 23, 2026

We have traded 5 times so far this morning. Not going to trade the open. There will be 300 point swings in both directions. The alligators are not all out of the kiddie pool. be safe.

All news driven. Oil prices are plunging (down ~10%+ in spots), VIX is easing, and equity futures have surged. This is classic relief-rally fuel, though the situation remains fluid and fragile — any reversal in rhetoric or new strikes could flip sentiment instantly.

Before the open the daily range is 1757 points and the SMF is 299. Many accounts will be blown away today. Make sure you are not one. I will not make another trading call until 10:00 AM Eastern.

Overall bias today is bullish with a relief-rally flavor, but stay nimble.

If I had to put a trade on right now I would place a limit order to go long at the prior congestion area of 46144.

Chicago Fed National Activity Index

 8:30 AM ET

Construction Spending

 10:00 AM ET

3-Month Bill Auction

 11:30 AM ET

6-Month Bill Auction

 11:30 AM ET

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DATE: 3/23/2026

TIME: 8:58 AM

HIGH: 46545

LOW: 45662

CLOSE: 45893

PIVOT: 46033

SUPPORT: 46144

RESISTANCE: 47258

SWING MAGNITUDE: 299

TIME OF COMMENT: 8:58 AM

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