Latest Stock Market Video Update and Forecast – The Mega-Caps Are Finally Starting To Lead The Rally

The S&P just broke above its primary bear market downtrend. NASDAQ-100 just broke above its 200-day moving averages. These are both notable technical achievements. Now the S&P faces the $4100 resistance level where it was turned back twice in December of last year, but the mega-cap stocks were not participating at the last two tests of $4100. Now, in 2023, they are and taking on an increasingly larger role of leadership.