Stock Indices Move Higher As Anticipated

As discussed in the weekend Briefing, the Stock Indices rallied today. Last week saw the beginning of an increase in internal strength that led to today’s move. Along with that, the breadth divergences have been eliminated. However, there are still some internal weaknesses, including moving from an extreme oversold condition to an overbought condition in one day. The information from the market does not offer a good probability assessment of a direction.

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