Stock Indices Reach Important Resistance

The Stock Indices reached important resistance today. However, market breadth continued to be strong, suggesting the market wants to go higher. While volume is still extremely low, breadth is suggesting the possibility of higher prices. There is a key news event tomorrow in the CPI numbers. They can have the effect of changing the perception of value on the part of traders. Use caution tomorrow, especially at the open as they try to interpret the numbers and seek value in one direction or the other.

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