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hey Traders David Frost my strategic forecast youre here for another episode of Common Sense market analysis today is Thursday January 26 2023. were looking at a daily chart of the Spy or spider which is the proxy for the SNP 500 what do we have on the docket today the first thing we notice is the breakout theyre breaking above the place they got stuck really for the last week or so without this little shimmy down the ShakeOut operation theyve been up here for a while six or seven trading sessions finally theyre breaking out now we talked about where theyre going as a minimum required objective let me repeat that a minimum required objective 407 20 is that number weve talked about it a number of times already but heres the thing theres nothing Under the Sun that says they cant and I repeat cannot push all the way to the high in this candle at 410 exactly 410 49 is the high of this candle so lets just discuss for a moment whats actually going on people are getting more bull