The % of stocks above their 50-day MAs is signaling that an upward rally is near.

Not only it already went below 10% but now is showing a bullish divergence with the SPX.

A good confirmation for a changing mid-term trend, not only would be that the SPX gets back above its 50-day MA but also that this index gets above 30%.
Bullish DivergenceChart PatternsTechnical IndicatorsSPX (S&P 500 Index)

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