According to @KobeissiLetter, 75 percent of stocks in three of four major cyclical sectors are now trading above their 200-day moving averages, based on SentimenTrader data cited by @KobeissiLetter. In every historical instance since 1953 when this breadth condition occurred, the S&P 500 posted strong gains over the following 12 months, according to SentimenTrader as referenced by @KobeissiLetter. Crypto market participants may track this equity breadth signal as a macro risk-on indicator for BTC and ETH sentiment, with the underlying breadth statistics sourced to SentimenTrader via @KobeissiLetter.