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The S&P 500 strikes me as wishy-washy lately, but here's something that might be bearish: the S&P 500 is currently higher than where it was in November. HOWEVER, back then, >90% of members were above their 50-day moving average. Now, just 55% are above their 50-day moving average. The 50-day is the dividing line between intermediate bullish and bearish trends.

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