Since the indexes hit their lows in October, the market has been in a narrow range with poor breadth. That means only a few of the most significant stocks kept the market up. Recently, we have had signs that breadth is spreading out, and the small caps are starting to wake up.
Is this what the market needs to break out of range and give us better direction?
As mentioned in the video above, I did a market update earlier this year with my thesis. Check out the full 2023 Bull/Bear Market Update from March on the Simpler Trading Youtube here!
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