Highlights
- Bigger picture, the market remains healthy, and we hold positive expectations for 2024. Tactically, it is in correction mode with risk to 4850.
- In that context, although the market is responding well to the recently very oversold condition, that does not mean that the worst is behind us.
- For that to be the case, we'll need to see the currently broken short-term (weekly chart) trend structure either show adequate improvement during periods of strength (we are not) or show positive. . .
