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Relative Strength
The Compound and Friends
The SPX Is Healthy, Technically Broadening Out, and Minor Weakness Is Still Viable
Since the S&P last all-time high in January, 2022, the prior close through the first half hour of trading has accounted for essentially all of the markets decline. So this is mostly noise, but I would be interested to take your take, Mark. We saw the first evidence of us really breaking out towards the beginning of the year and we saw a big surge in technology and markets started to look a lot healthier. It was right in the move above 4,200 in mid May that caused some capitulation and shorts. That's when a lot of other sectors started to kick into gear. The market showed its hand in mid May. And there were two things that could have happened
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