Stocks Reinforce Monthly Cycle Lows; S+P Projects (Ultimate) Surge Above 4300/ES.
01/25/23 Weekly Re-Lay Alert – Stock Indexes continue to reinforce congestion while remaining positive on a near-term basis. After rallying for a couple weeks, from intermediate cycle lows in late-Dec/early-Jan, stocks had a sharp pullback into Jan 20 that was not able to turn their daily trends down. Today’s spike lows – in most indexes – tested and held daily HLS levels and then closed […]
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