Direction in 2023
There was no "Santa Claus rally" in December, so we don't have that to build on. But there are plenty of variables that could boost the market throughout the year.
So far, we're still waiting to see if the S&P 500 can break back out of bear-market territory below 3,854. The index tried at the opening bell earlier today, the first day of trading in 2023, but pulled back in the afternoon.
Will it break thru support and then resistance above?
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