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July 16, 2024

This Breakout Will Keep the Bull Market Going

Hey, it’s Ross Givens here with the Chart of the Day. On June 24, I posted a chart of the Equal-Weight S&P 500 index, highlighting a bullish wedge pattern that could signal a strong breakout. It took a few weeks, but the index broke out last week. Along with the small-cap breakout, it looks like participation in this bull market is steadily widening. This provides the necessary foundation for it to continue for potentially many months longer. Don’t sit this one out.

July 16, 2024 No Comments

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