Stock Indices Approach Short-Term Resistance

The Stock Indices surged today supported by expanding breadth and increases in other internal components. The problem, and it could be a large problem, is volume. It is still diverging. It simply means the rally is not attracting new buyers. On the other hand, there certainly is no selling pressure on any of the moves lower. Breaking short-term resistance opens the possibility of much higher prices, unless the lack of volume collapses the rally.

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