Russell 3k breadth data has shown excellent progress this week

The near-term trend for US Equities has turned back to positive, given that both SPX and QQQ have convincingly pushed back over last Thursday’s highs.   While rebuilding the prior breadth and momentum will take time, this week’s sharp rally is certainly helpful, as many different parts of the market participated in this move. The Equity market seems to be growing more comfortable as the chances fo...

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