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The video in this report is only accessible to members

The 2022 bear market looks to be on thin ice - The SPX’s second straight day higher has successfully broken out above January 2023 highs.  This is a positive development which not only has surpassed minor downtrends from last Fall, but also is serving to exceed the entire downtrend from last January.  This is also occurring in the NASDAQ Composite and more recently was seen in the Russell 2k index in recent weeks.

While this doesn’t preclude some backing and filling if Tech earnings start to come in sub-par, it does look like an important structural positive which likely turns the trend higher between early February and mid-March.  

This directly goes against the popular narrative that the economy and also markets might be weak during the 1st Half 2023 before strengthening in the 2nd.  This consensus view is getting easier and easier to challenge as Technicals continue to improve.  Overall with a cyclical bottom having been projected near Wednesday-Friday of this week, this could still very well play out. However, an immediate move lower would be thought to be a buying opportunity, affording dip-minded investors a better suited risk-reward area to consider risk assets at a time when sentiment remains v...

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