Bottoming Signs & Cycles Reinforced; S+P On Track for Surge Above 4300/ES.
01/14/23 Weekly Re-Lay – Stock Indexes continue to provide contrasting signals, reinforcing the congestion that has been in place for the past few months. They bottomed in late-Dec/early-Jan while fulfilling multiple weekly cycles and weekly trend patterns. During the Dec ‘22 sell-off, the primary indexes (except NQ-100) neutralized their new weekly uptrends multiple times… but did not turn them down – leaving them […]
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