As Financials Fade, S&P500 Loses Momentum

Here are a pair of charts from Ron Griess at The Chart Store. Taken together, they show potentially fading momentum for the rally.  

As noted last week, I still believe the rally is “Innocent until proven guilty,” but this is worth watching:

S&P Financial Sector


S&P 500 Weekly Momentum


Originally published at The Big Picture and reproduced here with the author’s permission.
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