Mid-week market update: It's time to sound the all-clear signal, as least in the short run. Both the S&P 500 and the equal-weighted S&P 500 have decisively staged upside breakouts through the falling trend line. The bulls have regained control of the tape.
The next resistance test is the 50% retracement level at about 5500. How far can the relief rally run?
The full post can be found here.
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