S&P And NASDAQ Make New Highs On Extreme Weak Internals

This is one amazing market. Today, the S&P and NASDAQ both made new all-time highs on negative breadth. At the same time, the Russell, Industrials and Transports turned lower. I cannot remember seeing price development continue in two Indices when with the extreme intermarket divergences and internal divergences. The next few days should be very interesting.

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