S&P 500: Good market breadth gives hope for more

In US election years, the market-wide USindex tends to weaken in the first half of February. However, several indicators point to a solid starting point for new all-time highs. Currently, more than 70% of the index members are above their 200-day moving average. There are currently more 52-week highs forming than lows and chart-wise the upward trend is intact.

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