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Kevin Green highlights that the S&P 500 Equal Weight index appears ready to attempt its first-stage bullish MACD crossover on the daily chart.
This technical setup suggests a possible shift in momentum for the index.
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Kevin Green has previously covered major market developments, including a reported gap between Treasury note futures and the KBW Bank Index not seen since 2007. He also analyzed oil market interventions as WTI crude approached $104.95. These observations provide context to his latest focus on technical shifts in equities.