Santoli: March has a knack for market trend reversals, and an inflection point approaches

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2022.
Brendan McDermid | Reuters

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.

  • Have I mentioned that the stock market remains indecisive and twitchy within a well-defined range? The S&P 500's 4,150-4,300 zone seems to act as decent support, but with little conviction among would-be buyers to break higher, given the wide range of war/sanctions outcomes and the Fed set to tighten into an unsettled economic outlook.

More In Santoli on Stocks

CNBC ProThe 2022 stock market doesn't have to repeat — it only has to rhyme
CNBC ProSantoli: Wall Street holds its breath – and the rally – as a key payrolls report looms
CNBC ProSantoli: Strengthening case against a recession pushing S&P 500 to highest levels since early June