Market Breadth 2023-01-23

The main focus is on setups and scan outcome, that will provide viable opportunities.

Market Structure: Duration bearish market (stocks move in tandem, occasional oversold rallies).

Primary Indicator: Green (bullish continuation and bearish reversals are favorable).

Secondary Indicator: Breadth thrust 12 Jan / Countermove attempt 18 Jan. Current MMFI: 67.70.

MR10: Bullish Continuation - Midpoint. SPY (30 MBC) - QQQ (51 MBC) - IWM (35 MBC)

20 percent study: +27/-6.

Conclusion: Bullish expansion and acceleration in last session, which seems to indicate continuation. Move is not considered at the start, neither overextended as presented from MMFI and MR10. Will run 9 million and combination scan with a positive expectation. In terms of DT will be considerate at 30-45 min of open and observe whether momentum will accelerate or not; due to intact market theme and selective gaps.