Follow up on S&P 500 Breadth Reading from Nov 23rd

By Lawrence

In the post on Nov 23rd, I mentioned that continuation rally is likely once the 2 breadth models realign.

Now they are, so, as long as emini S&P is trading above 1170, we are looking for a rally to new year high.

One important thing to remember though, this rally will like lead to a deeper correction than the one we just experienced because it damaged the strength in the long term Tick16 index.


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