Equal-weighted SPX hits highest vs SPX in over a year

Key Takeaways

  • Tuesday’s NASDAQ pullback has violated Feb/March lows, while SPX is at these levels, and DJIA remains a relative outperformer, trading ~3% above as of 4/26 close.
  • Microsoft and Tesla analyzed technically and key support, resistance revealed.
  • Equal-weighted SPX and NASDAQ both showing strength vs Cap-weighted.
The selloff has proven difficult to fade, even when a few factors suggested that markets might be near short-term support.&nbsp...

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