After a close call at the end of October, when the S&P500 broke its long-term trend briefly during the ongoing correction, we saw a very strong rally over the last two weeks.

This has triggered signals in several significant breadth thrust indicators, which show that the probability is exceptionally high that we are dealing with a garden-variety 10% correction that has now bottomed.

In combination with a positive seasonal setup, it points to positive returns over the next 6-12 months.