3/19/25: No FTD for you!
It looked possible, but the volume increase was not there, and the Naz faded into the close too much, not a sign of strength. There was also a dearth of breakouts, which is not what you expect to see with and FTD.
Furthermore, both major indexes are below their 200dma, not what I want to see. IBD also notes this:
The recent three-week plunge for the Nasdaq composite and S&P 500 had the characteristics of a vertical violation. That means both indexes still have plenty of overhead supply to work through. If more money starts to come in from the sidelines, look for higher volume behind the gains and lower volume behind the declines. Even more importantly, look for an increasing number of stocks to buy.
Keep in mind that a follow-through day should convey power. Even if volume did rise from Tuesday, the Nasdaq closed off highs as sellers came into the market during the final 45 minutes of trading.