Key Technical reasons for thinking a larger low is near

Friday marked the broadest rally we’ve seen all week, with excellent participation and also more than 90% of the volume into advancing stocks vs. declining.  This week’s move was encouraging in how it has helped short-term momentum improve a bit.  However, while a number of reasons stand out as to why stocks are very close to a more intermediate-term low for 2022 (which is explained on the next page), more progress is needed from price to ...

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