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The video in this report is only accessible to members

The near-term rally in US Equities hasn’t shown much sign of veering off course following a very successful first 10 days of 2023.  While this rally is following the pre-election year playbook for Q1, it is quickly nearing the next most important area of resistance which is found at $QQQ $286 into end of week.

DeMark indicators will line up to potentially show TD Sell Setups within the next 2-3 days (9 consecutive days where the daily close is higher than the close from four days ago on both SPX and QQQ).

Given that the VIX is showing a similar potential area of confluence this week while the percentage of SPX issues above their 20-day moving average has gone back above 80, this should bring about a stalling out in US Equities by end of week.

As this daily Symbolik chart shows below, the current daily TD Sell Setup count on $QQQ is registering a 7.  Thus, further strength over the next 1-2 trading days could allow these signals to line up in unison.  This, in turn, would likely coincide with at least a minor peaking out in this 2023 bounce.

The area at QQQ-285-287 also intersects the meaningful downtrend in QQQ from last August’s peak.  Thus, one can make the argument that a stalling out could happen coin...

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