This is a chart of the % of S&P stocks above their 50 day moving average plotted against a 20 period exponential average. Note this is the first time it's gotten below the 20 EMA. I'm patiently waiting for a close below it and then a lower high in conjunction with a higher high for the S&P. The high on this index so far was 94.19. I'd prefer a reading below 89 if the S&P reaches a new high.
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