Another trend up day

Today it is another trend up day. The market is strong but with lower volume. ES was above VWAP all day since 10:00 am. It was the sign that the buying strength was coming from retail investors and short cover.

Tomorrow is an important day for reversal confirmation. If DJX goes up another 100 points, it is likely that we won't see another lower low in March.

The calendar position looked well this morning but the gain has disappeared by the end of the day. The position was a neutral position with slightly positive bias, but the market was too strong today. Adjustment has not been made yet. Lets see what happens tomorrow morning.