On Jan. 17, I wrote this article https://www.mcoscillator.com/learning_center/weekly_chart/countertrend_rally_or_new_uptrend_rasi_holds_the_key/ … about the Ratio-Adjusted Summation Index, how the +500 level is a key go/no-go threshold, & even higher is better. Preliminary A-D data today show the RASI getting there today and still rising rapidly, which is bullish.
To the bears who think the Fed is the be all and end all to the market and that they just caved: Buy. Problem solved.
SPX gap filled. No more islands
Fed went from 4 rate hikes to zero and from balance sheet reduction on autopilot to flexible. All in the course of 1 quarter. Just pitiful. The Fed is the market's b*tch.