1 April 25 - Double Bottom of forming Double Top Bear Flag

• Yesterday's candlestick closed as a big bull bar in its upper half with a long tail below. The market gapped down and traded below the March 13 low but lacked follow-through selling.
  
• The bulls see the current move as a retest of the prior extreme low (Mar 13).
  
• They want the market to reverse from a lower low major trend reversal pattern.
  
• At the very least, they want the market to form a larger 2-legged sideways to up pullback testing the 20-day EMA or the Mar 25 high.
  
• They must create follow-through buying today to increase the odds of higher prices.
  
• The bears got a retest of the Mar 13 low and saw yesterday simply as a pullback.
  
• They want the pullback to form a lower high to Mar 25 high, forming a larger double top bear flag.
  
• They want the 20-day EMA or the bear trend line to act as resistance.
  
• Today, traders will see if the bulls can create follow-through buying. If they can, the market may trade a little higher towards the Mar 25 high area.
  
• After a big move yesterday, the odds of a couple of hours of sideways trading early in the day increase.