SP:SP500EW   S&P 500 EQUAL WEIGHTED
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Equal weighted S&P 500             seems to be once more the leading indicator for further S&P500             direction. If H RS             trend line is not taken out, we are moving to a SHS             formation with an equal weight target of 2450. This corresponds to 1600-1650 on regular S&P 500             . With Monday's continuation of last Friday after hours selling, the probability of a SHS             formation is high.
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