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EBITDAtiger

Breadth has been strong and this week will be critical for $RSP

Invesco S&P 500 Equal Weight ETF (AMEX:RSP)  
EBITDAtiger  
AMEX:RSP   Invesco S&P 500 Equal Weight ETF
Trend Analysis Moving Averages RSP SPDR S&P 500 ETF (SPY) breadth rally Bullish Patterns bearmarket
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trendanalysis movingaverage rsp spy breadth rally bullish bearmarket
The market as a whole needs this rally to have healthy breadth and so far that's what it looks like is happening, a broad-based rally.

It closed above its 200 DMA for the first time since April 21st (albeit by just 13 cents) which is also when the downtrend started. The downtrend has been thoroughly broken.

Looking for 2-3 more strong daily closes above the 200 DMA to be relatively certain that the rally will continue and we could be back in a bull market.

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