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200 MA breadth analysis indicates SPX goes up from here!

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INDEX:S5TH   S&P 500 Stocks Above 200-Day Average
This idea is based on the analysis of the 200 day moving average breadth data for the SPX. Every time since 2007, when market breadth broke out of a downwards moving channel this was an excellent buying signal for the SPX. This signal can be seen as a confirmation for the end of the downwards correction and/or bear market. We recently had such a signal on Oct 24th!.

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