Moving forward, it will be essential to monitor the strength of the Equal Weight
SPX ETF. For the market to maintain its upward trend, broad participation is necessary. While bears may perceive a Double Top pattern, I see that the MACD is close to triggering a buy signal, and the 14-day RSI has recovered above the 50 line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
