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How Long Will The Stock Market's Uptrend Last? ($SPX, $SPY)

|Includes: SPDR S&P 500 Trust ETF (SPY)

Since a picture is worth the proverbial thousand words, take a look at this simple daily chart of the S&P 500 (as a proxy for the broad market):

(Click to enlarge) The market will certainly correct, but the uptrend clearly remains healthy. In addition to what is shown on the chart above, it would require both the 50-day moving average to turn down AND the 20-day moving average to cross below the 50-day moving average for the uptrend to end. For now, follow the uptrend while it lasts...

Source: blog.morpheustrading.com/873