The break of January lows likely proves short-lived

Key Takeaways

  • DJIA, SPX and QQQ all closed at the lowest daily closes since last Spring, but failed to take out intra-day lows from January 2022 last month which looks important
  • DeMark indicators are closer to signaling exhaustion and coincide with cycles
  • Yesterday’s note on 5 reasons to expect an upcoming low remains intact; it looks better to look at buying into weakness vs expecting stock indices to decline throughout March

Overal...

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