$SPXEW - S&P 500 Equally Weighted index daily chart -
* 89-day ema and 50-day ema -- bullish while $SPXEW remains above, which is the current condition
* 200-day ema -- seven daily closes above, which is required for the continued bullish case
the 200-day simple moving average value area has acted as resistance since mid-October 2018
Note the 200-day sma has zero slope since early January 2019, and the bullish case needs to see this moving average eventually display an upward slope
** the lowest chart element displays the $SPXEW to $SPX daily ratio, which is generally rising since the final trading day in December 2018 ... meaning broadening participation by the 500 stocks which make up the Market Capitalization Size weighted S&P 500 index
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