Stock Indices Reach Short-term Resistance And Pause

The Stock Indices surged today on low volume and paused at important resistance. While breadth expanded nicely, if there is a break of resistance breadth should continue to expand. It was certainly not at an extreme today. This market wants to go higher, but volume is suggesting there are not many who believe in it. Use caution tomorrow on long positions. If the rally continues, breadth should expand and volume should increase.

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