Have to let the charts do all the explaining. Have we silently crept into a bull market? With the feds soft decision of lowering how many basis points their planning to increase interest rates, really have to take into account of where we really are at this point looking at price action. Today we are looking at 11% from all time highs. My thoughts are,... we test 400 area one more good time for the bears sake. Just to test the pessimism of todays market after the loosening from the fed. My good guess is we are headed back to the upside. I feel that investors feel safe when the market holds above 400, just my take on things. With less mentioning of a RECESSION , the market is feeling some sort of relief. In hindsight, i dont believe that a bull rally is suitable for the reference of the upcoming price action we might observe in this market for 2023. Reason i wont call it a Bull Rally. I see week to week indecisiveness, lagging data making investors not to sure of where they want to park funds. Any move over 430 we look for the top. Any move below 400 we look to keep the fed happy to not rethink policy. Only time will tell, until then Smart trading guys.