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The S&P 500 retains its Slightly Bullish (+1) ranking this week as price held critical support and participation broadened. The dominant trendline we flagged last week held firm despite multiple tests, and Powell’s Jackson Hole remarks sparked a surge that carried SPY back toward resistance. At the same time, breadth improved materially as the Dow, RSP, and Russell 2000 all broke out across multiple time-frames, an important confirmation that participation is expanding beyond mega-cap leadership.