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Moving Balance Indicator

Apr 13 2023

Checking In On The Rally At The Six-Month Point

  • Apr 13, 2023

Yesterday was the six-month anniversary of the bear market low of 3,577.03 in the S&P 500. We think it’s unlikely the moderate upswing since then represents a new cyclical bull market. However, with the evidence still weighing in at Neutral, we’re not betting the farm on that opinion.