constructive on the marks after the s&p has confirmed its breakout above 4,155 joining us is katie stockton cnbc contributor. i've been waiting for this, for you, because i put a lot of stock and faith in what you say, katie, but one of my criticisms of technical analysis is that by definition, it seems to be kind of trend following so now because the markets have probably performed better than the charts were indicated, it's suddenly self-fulfilling because the charts have gone up, they look better now and maybe are indicating further gains but you weren't necessarily, when you could have bought, the most attractive time to buy wasn't showing. >> it is an attractive time to buy. we following momentum. we want to make sure we're capturing major shifts the difference in the rally has been the breadth the waiting, it requires a lot of patience at times and unfortunately sometimes the breakouts do come from levels at which you don't want to wait for but we always look for that confirmation because gives us that some breadth will kick in on friday the breadths something like 6-1 up-to-down valu

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katie stockton ratchets up the support levels. >> as the trend goes >> you know, we don't want to disparage technical analysis we said this before. you know, maybe we will change to more bullish and the market has another 5% we missed 20%. the trend will finally recognize the trend and say we're in now you get 5% of the 25 that doesn't help anyone >> look at melting up. the one-year chart >> maybe amy wu silverman is looking at a melt-up. a rare call. as usual, people are holding out for the lows it is tough to be bullish and you are wrong and the market sells off. when you are bearish and the market keeps going, it is like a fever. they keep coming on the show no, i still say it and finally it is horrible to throw in the towel >> or the market reverts. >> yeah. >>> goldman sachs is the latest firm to cut growth in china. now expects 5.4% for 2023 versus the expectation of 6%. the world's smallest violin. goldman sachs is joining the list of banks cutting expectation. china adding to a recent wave of easing from the central bank cutting lending rates for the first time since august of 2022