Stocks Signaling Intermediate Top. More Upside Likely in January ‘24.
12/26/23 – “Stock indexes have hesitated since rallying into ~mid-Dec ’23 and fulfilling the latest phase of their 4Q 2023 ‘roadmap’. That set the stage for a 1 – 2 week top, which could still extend into year-end. Weekly LHRs, .618 rebounds and a 20 – 21-week high (Dec ’21) – low (May ’22) – low (Oct ’22) – low (Mar ’23) – high […]
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