Stock Indices Rise On Weakening Internals

There are glaring divergences between price and the structure of the current uptrend. Additionally, inter-market divergences exist. Volume is extremely low, suggesting the rally is not attracting additional buying pressure. Typically, price will correct to the internals. However, there is a low probability the internals will correct to price. This typically occurs around a news event. Unless that happens, the risk is to the downside.

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