The equal weighted #SP500 #SPXEW has been pulling back for 5 days now while #SPY has been moving up for the past 12 out of 14 days
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#SPXEW
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#stockmarket update: W hile #SPY hit an all time high last week, there are signs that the #market breath is weakening. For example, #SPXEW finished lower for the week and the % of stocks trading above their 50 SMA has been dropping and is now at 57%, read for more: 📈📉 #trading #swingtrading
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#SPY is bouncing off support at $586, also the top of the prior gap. Likely to test the prior all time high at $600.17 #SPXEW (equal weighted #SPX is actually closer to testing prior highs, which is what leads me to believe there is broader participation). Breadth is also 20:7 in favor of advancing
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