"March Madness Doesn't Yet Look Complete"

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Most significant technical developments for Q1 2023:

  • SPX, DJIA and Value Line Composite all broke uptrend lines from last October, giving rise to fears of possible bear market resuming to retest October 2022 lows.  
The About-face in SPX that gave back most of January’s gains caused weekly momentum to turn bearish and Intermediate-term breadth has faltered to levels below last December 2022. Just ove...

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