Bear Market signals persist.

When the DOW begins to outperform on the downside,
we have a clear indication of a lengthy BEAR Market.

It's just beginning.

Counter Trends are a normal course in prolonged Trends.

The ONLY real reversal... QE:

Global Central Banks began withdrawing Liquidity via RRP's since July of 2021.

The contraction made a controlled contraction below 0 into a negative range
well below the Peak Monthly 1.5T down to 300B and on down to 0 in January,
going - 250B during the 3rd week of January - they have maintained the drain
since this time... it is remained between -$180 to -255B to the present.

Lows into October 2023 imho.

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