Market Internals Begin to Strengthen

Today, the divergences in market breadth were eliminated. While volume is still extremely low, it also began to increase. The Indices closed at the high of the day, suggesting they want to go higher tomorrow. All three Indices closed above resistance. What was resistance is now extremely important support. They did reach a point of being extremely overbought, so some type of rotation or pause may be in the offing. It will be important to hold above support levels if the rally is to continue.

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