Tbill yields, monthly
Just look at the MACD (green bar histogram) indicator. We have a real chance of going positive cycle in April. That in itself does not guarantee anything, but it is arguably one bullish sign for the equity market. It could fail of course - as it did in late 2008 no less, but that is highly improbable.
So, the bears have got a real problem on almost every monthly chart out there.
A move beyond SP'1550 ?
When I consider the bond market yields, - which offer an easy 3-6 months upside, with corresponding moves in equities, it makes me wonder if sp'1550 will be the max, or if even 1600/1700 is viable this autumn?
It is a disturbing thought, but one that must be considered.
Good wishes