Industrials And S&P Appear To Breakout

The intermarket and internals divergences still exist. However, in today’s trading, it appeared the Industrials and S&P want to breakout. This makes tomorrow a very important day. If they begin to move away from the current area of rotation, then it is a valid breakout. If there is rotation down tomorrow, it is a false breakout. The Transports, Russell and NASDAQ have all yet to follow.

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