Today, the Stock Indices extended the gains from yesterday based on optimism for the banking industry. Closing at the high of the day suggests it may open higher tomorrow. However, if there is a breadth divergence, expect a rotation back through today’s high. SPY is at important short-term resistance. Intermarket divergences suggest possible weakness. Volume declined today and the percentage of stocks above their 50 and 200-day moving averages is abysmal.