Stock Indices Move Higher As Internal Strength Moves Lower

The divergences between price development and the internals is simply not sustainable. Looking back over the last year, you will be able to see this same scenario and the results. In each case, price corrected dramatically. While there is still a lower probability of the internals corrected to support price, unless they do, the risk is for another leg lower. Price development must be respected. However, understand volume continues to fall, net volume is declining and market breadth is declining.

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