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Bulls break the downtrend in stocks, but will it last?

The bulls have, for now, broken the downtrend in the U.S. stock market. The Dow Jones Industrial Average on Friday posted its longest winning streak since November as the benchmark index is up over 2% this past week.

Will it last? Let’s explore with the help of a chart.

Please click here for an annotated chart of the S&P 500 ETF SPY, +0.31% Similar observations can be made from the charts of the Dow Jones Industrial Average DJIA, +0.37% Nasdaq 100 ETF QQQ, -0.09% and small-cap ETF IWM, +0.19%

Read:Red-hot chip stocks are actually getting cheaper as their prices rise

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