There can still be corrections along the way because SPY remains extended (+28% since late October), but any weakness would be considered a mere correction, as long as the bulk of the evidence remains bullish.
Today’s report just covers the Composite Breadth Model, yield spreads and Fed balance sheet. These are the macro indicators that drive bull and bear markets in stocks. They may wiggle, but major changes do not occur that often. The yield spreads remain near multi-year lows and there are no signs of stress in the credit markets, which supports a bull market for stocks. Details are below.