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Mike Paulenoff

Near-Term Double-Bottom Low In?

Good Tuesday Morning, MPTraders!  March 31, 2026-- Pre-Market Update:-- Another Trump Tweet gooses equity index futures prices at around 7:15 AM ET:I think the implication of his comments indicates that the U.S. is oil self-sufficient and can walk away from the Iran War with the Strait of Hormuz closed, leaving most other countries in Europe and Asia, in particular, scrambling to procure their own oil.

What Looked Like the Ground Floor Was Just the Mezzanine

In June 2025, lead analyst Zac Mannes mapped a precise bearish path for Asana with a specific price target. Nine months and a 57 percent decline later, that target remains unchanged — and the structure suggests the final chapter has not yet unfolded.There is a moment familiar to many investors — the purchase that feels like a floor and turns out to be something else entirely.The stock has already fallen substantially. The chart looks washed out. The price feels cheap relative to where it was.

Is the Market Ready to Rip Higher?

Today, we saw the market push higher overnight and follow through into the afternoon session. This opens the door to the possibility that wave (a) has bottomed, potentially completing the Ending Diagonal we’ve been tracking over the past several weeks.If that Ending Diagonal is indeed complete, we should expect a continued, strong move higher, targeting the 6900–7029 region overhead.That said, there is still meaningful resistance above that must be cleared before we can confidently confirm a sustained move higher.

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