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The video in this report is only accessible to members

Trend bullish- Expect rally up to SPX 4550-65 initially into next Friday, while QQQ likely should stall out also by the end of next week.  However, DJIA is now playing catch-up and both Small-caps along with DJIA might begin to outperform QQQ starting next week. 

Friday proved to be a lackluster finish to an otherwise stellar week which produced lots of broadening to this rally at a time when the Dollar and Yields have begun to turn down sharply.

While Technology roared back to finish at the highest weekly close since February 2022, there could be some evidence of this sector starting to stall out next week along with Industrials (I’ll cover these both sectors in more detail next week.)

At present, DJIA has begun to play catchup and this week’s close represented the highest weekly close for 2023, and as shown below, DJIA’s momentum gauges are nowhere near overbought levels.

I feel the weeks ahead could prove to be trickier than what happened this past week, where many things worked well across many sectors along with commodities, Treasuries and Cryptocurrencies. 

Bullish sentiment is climbing, slowly but surely, and DeMark exhaustion likely will be in place for many US benchmark indice...

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