New bull trend? Much talk in the market, but watch for these key moves!

Market trends / Macroeconomic Factors
- Undoubtedly, recent run has tipped alot of bears to bulls and even the fear/greed index is now almost extreme greed (we know what happens when we reach extreme greed)
- There is extreme expectation of a FED pivot and so, you see the recent rally (1 Feb will be a reality check)
- Macroeconomic indicators are somewhat ignored now because of the pivot (so be warned that we are on a very sensitive platform where any negative storyline will cause a massive pullback) - e.g. Debt ceiling, earnings compression, FED rates to be high longer in 2023 etc
- Current rally is based on a 0.25 in Feb and Mar and then rates to pause or drop (Note that if this does not happen, then we will see a reaction after Mar) - so you see some are saying now Q1 rally will be good

Price action / indicators
- Bottom is likely in with the Oct 2022 low
- We are still in a bear trend and this current rally is still technically a bear market relief rally
- Indicators are however, firming up well which bodes well for 2023 to be the start of the bull cycle
- Few key levels to take note of
++> 373 / 380 / 390 - Key support levels to hold for any pullbacks to happen (This is key as this would confirm the bullish trend formation)
++> 410 - Needs to be broken above to set a higher high for the current uptrend
++> 430 - Needs to be broken above to confirm the end of the bear trend
++> MA lines - All are flat/up which bodes well (Look for the stacking of MA5/MA20/MA50/MA200 in the order of top to bottom)