According to @RyanDetrick, over the last 20 years, March 12th marks the last day of the year with a negative average YTD return for the S&P 500. This historical trend suggests a potential turning point for bullish traders, as past data indicates a shift towards positive returns following this date. Traders might consider this pattern when strategizing for the upcoming market movements, as cited by @KobeissiLetter.

According to Gordon (@AltcoinGordon), bullish traders are currently facing ridicule and anger from the market. This indicates potential resistance to upward price movements in the short term. Traders should monitor market sentiment and price action closely for any shifts that could signal changes in market dynamics.