Market Regime – Breadth Improves – Yields Spreads Narrow – 10Yr Yield Falls
The majority of indicators remain bearish, but breadth continues to improve. First, the S&P 500 EW ETF joined SPY and QQQ with a close above the upper Bollinger Band (125,1) this week. Second, the percentage of S&P 500 stocks above their 200-day SMA exceeded 60% for the first time since February. Third, the other breadth indicators in the S&P 500
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