NQ Bounced at January 24 Low

The lower horizontal marks the January 24 low. I know I said ignore the news and that is generally the best idea, but since the Ukraine invasion produced a low, my suspicion is any news of a ceasefire or deal will produce a high. Technicals take precedence, but a combination of a technical resistance level and peace in Ukraine will probably refocus the market on what's driving the bear: monetary policy and its inflationary impact. Crude oil remains the key, along with bonds. Outisde of technical bounces on the stock indexes, nothing constructive has happened for bulls.