The market has rallied back to a crucial level — here's a breakdown of its chances to breakout

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Here's a check of the technical, sentiment, valuation and cross-asset gauges that could indicate whether the market is in a sturdy ascent or not as it reaches a critical level.

 

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UPDATE: Bitcoin Over $4,000 As Ripple's XRP And EOS Climb--Is The Bull Market Back?Bitcoin bears have been in retreat this week as crypto bulls send the bitcoin and wider cryptocurrency market higher by some $10 billion in less than 48 hours... Laura Loomer!
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Despite the market comeback this year, traders worry an earnings decline will kill the bull marketWe are still in the longest bull market on record, yet the entire trading community seems convinced the bull is about to roll over. DUH! Proof is all the lowered Guidance after earnings misses More debt, more inflation, and less on tax returns will greatly hurt this year Sad times for money changers. As someone once said - 'The trouble with Capitalism is sooner or later you run out of Working People's money.' Yeah looking at the Nasdaq this morning I reeeeally believe that.
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