Equal Weight vs. SP500

New highs in select indices have been highly deceiving. They were driven by a few mega cap stocks. The XXVG index suggests a border market still in a bear market. Based on that measure SPX would be trading at 2,600 were it not for mega cap expansions in 6/7 stocks.
Beyond Technical AnalysisDXYS&P 500 (SPX500)USDvaluelinexvg

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