The Stock Indices retraced half of the single prints from yesterday, suggesting a rotation through the trading range from yesterday. Breadth divergences were eliminated in today’s trading. However, volume was extremely low. This is very concerning. They all closed at the high of the day, suggesting they will go higher tomorrow. Watch market breadth carefully in the first hour of trading. If it is weaker than today on a higher high, it could signal a false breakout. The Indices did close the day overbought, but it does not preclude them from trading higher tomorrow.