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Jan
10

SPX Running into Long-term Trendline Resistance

By Rennie on Sunday, January 10th, 2010 at 4:00 pm

Despite 3:2 positive breadth on each of the last four sessions, our version of Standard & Poors’ Oscillator has declined the last three days. The Oscillator is a breadth-based indicator – inputs are advancing issues, unchanged issues, total issues and price, so it’s noteworthy when the indicator and breadth diverge. Looking back…
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