April reporting starting off next week, tomorrow data on personal income and outlay also consumer sentiment should show slow down in soending and weak sentiment - this could trigger a sell-off of some sorts, now if the sell off is over 1%, new shorts should start entering the market again, it is the shorts that have come off in the past three weeks that have triggerred off this rally.
On the other hand, we still have two more trading days for March next week, which could see some more upside action (just to close the month on a high for the indices - around circa 10% for March) that could cover any gap created, should there be a sell-off on Friday.
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