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Are the markets ready to make their next leg up? From the looks of the 10-day advance/decline line, the S&P 500 looks poised for another rally. While the index broke to new highs yesterday, the 10-day A/D line, which measures the average number of daily advancers minus decliners, is just barely positive, and not nearly as high as it was just a few weeks ago.

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spx advance

a/d line s&p 500

Source: S&P 500 Poised for Another Rally? The A/D Line Suggests it is