Another possibility

We have been mentioning the March 25-27th (+/-) turndate. The market is extremely overbought and sentiment has become quite bullish in only 10 days of a rally. While this could provide a tailwind for another day or so, there is a possibility that the coming turndate could prove to be a top. We have a cycle turn on Apr 8th (+-), it could happen that the big rally starts on Apr 8th.

I guess we will just have to observe the pullback.