Zweig Breadth Thrust officially triggered; Good news for SPX

Gains in US Equities this week constitute a technically bullish short-term breakout that should help SPX extend gains up to 5500-5600 before some stalling out (potentially by the end of the month). While this short-term breakout is certainly helpful towards helping Equities extend higher technically, the weekly downtrend and bearish momentum will likely take time to reverse. Thus, a two-step forward, one-step back type framework i...

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