Based on the falling wedge pattern noted on March 18, 2023 and an update of preliminary futures structural data, a 28 trading day (+/- 1 trading day) rally to April 27, 2023 appears to have started today (March 20, 2023). This is similar to the move up between October 13, 2022 and November 23, 2022. Following this rally another decline is expected to continue into the end of 2023.
Intermarket structural analysis research