Here we are again. S&P 500 index again went up against 200 day MA resistance, and was rejected. Is this just another bear market rally and we’re heading back down yet again, or can the trend reverse quickly and break out of this downward channel this time? Source: TradingView This time, the rally was fuelled by slowing CPI in October and Fed turning slightly less hawkish. The world has opened up for some time now post-pandemic (except China), but supply chain issues are still not yet fully resolved. People are getting out more though, with revenge travel out in full force. Flight tickets are going through the roof (if only my stocks were too). Source: BLS.gov Let’s look at some market indicators I follow. Market Indicators The widely followed CNN’s Fear & Greed Index is flashing Greed for the past month. Extreme Greed is where I typically would want to be cautious....